Partnership Asks Justices To Restore $23M Loss Deduction

By Anna Scott Farrell · February 6, 2026, 5:00 PM EST

A partnership asked the U.S. Supreme Court to revive its $23 million loss deduction involving a Brazilian company, saying in a petition docketed Friday that the Second Circuit wrongly blocked a...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Petition

Case Information

Case Title

Pimlico, LLC v. Commissioner of Internal Revenue

Case Number

Court

Appellate - 2nd Circuit

Nature of Suit

Date Filed

July 24, 2024

Recent Articles By Anna

February 06, 2026
Tax Break Owed For $5.8M Power Plant Gift, Court Told
February 05, 2026
1st Circ. Probes Jurisdiction In Partner Employment Tax Case
February 05, 2026
Dispensary Co. Can't Get Worker Tax Credit, Court Says
February 04, 2026
Tax Court Urged To Restore $43M Break For Historic Buildings
February 04, 2026
Walmart Wants Relief In CFC Tax Year Deferral
February 03, 2026
Tax Court Allows Some Credits For Co.'s Chicken Research
February 03, 2026
Tax Court Bars Partners From $49M Easement Suit
February 03, 2026
Virgin Islands Co. Wants Experts Barred In $11.5M Pricing Row
February 02, 2026
US Drops $185K FBAR Case Amid State Dept. Silence
January 30, 2026
Vertical Farm Co. Owner Gets 3 Years For Tax Evasion, Fraud