The Janis Progeny

Prof. Wendy Gerzog (Professor of Law, University of Baltimore School of Law) has recently posted her article entitled Janis: Two Perspectives of Basis on SSRN.  The article also appears in 114 Tax Notes 1265 (March 26, 2007).

Prof. Gerzog discusses how “[t]he Ninth and the Second Circuits affirmed the Tax Court decision in Janis but based their respective decisions on different rationales.”