1. Home
  2. Browse Decisions
  3. F.2d
  4. 827 F.2d
  5. 827 F.2d 644 (1987)
 

PRITCHETT v. C.I.R.

Nos. 86-7261 to 86-7263, 86-7265 and 86-7268.

827 F.2d 644 (1987)

JERRY E. PRITCHETT and PATRICIA D. PRITCHETT, et al., PETITIONERS-APPELLANTS, v. COMMISSIONER OF INTERNAL REVENUE SERVICE, RESPONDENT-APPELLEE.

United States Court of Appeals, Ninth Circuit.

Decided September 11, 1987.

Attorney(s) appearing for the Case

Bruce I. Hochman and Martin N. Gelfand, Beverly Hills, Cal., and Marc Marmaro, Los Angeles, Cal. for petitioners-appellants.

Roger M. Olsen and Michael L. Paup, Washington, D.C., for respondent-appellee.

Before KENNEDY, SKOPIL and KOZINSKI, Circuit Judges.

SKOPIL, Circuit Judge:

We must decide in this case whether taxpayers, limited partners in five similar partnerships engaged in oil and gas drilling operations, were "at risk" pursuant to 26 U.S.C. § 465 on certain recourse notes and thus entitled to deduct distributive shares of non-cash partnership losses. The Tax Court in a reviewed, split decision held that each taxpayer was at risk only to the extent of actual cash contribution. Pritchett v. Commissioner...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases