112 Genesee Street, LLC v. United States
Settlement payment from government is taxable income, not return of capital
cafc · 2026-02-04 · Defendant Win · Impact: 15/100
112 Genesee Street, LLC v. United States, decided by Federal Circuit on February 4, 2026, resulted in a defendant win outcome. The case concerns the tax treatment of a settlement payment received by 1...