Summary
The U.S. Court of Appeals for the Second Circuit reversed the Tax Court's valuation of payments from the Connecticut Lotto. The estate valued the payments based on the gray market, inclusive of a lack of marketability discount. The Tax Court ruled that th ...
Estate of Gribauskas v. CIR (Gribauskas II)
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See Also
Value of Lotto Payments Includes Discount for Lack of Marketability
The U.S. Court of Appeals for the 2nd Circuit reversed the Tax Court's valuation of payments from the Connecticut Lotto.