Individual income taxation

The Tax Court denies the taxpayers’ claimed loss on the sale of their former home followed by an exclusion of cancellation-of-debt income.

The Tax Court holds that writing checks from funds distributed is not a transfer of an account interest incident to divorce.

The Tax Court holds that a Sec. 86 election was not made and would not have reduced the tax liability.

Payment to the taxpayer’s ex-wife was not alimony, as it would not have terminated upon her death under English law.

The Service’s narrowed request seeking unreported virtual currency transactions was made in ‘good faith.’

A taxpayer established that she never intended to be the primary obligor on the loan.