Valuation of a Motion Picture Library Considered

Business Valuation Update BVLaw
Legal and Court Case Update
May 11, 2005

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7822 Motion Picture and Video Tape Distribution
512120 Motion Picture and Video Distribution
federal taxation
Santa Monica Pictures, LLC v. CIR
T.C. Memo. 2005-104
US
Federal Court
United States Tax Court
George W. Connelly Jr., H. Clifton Bonney Jr., James P. Thurston, Kenneth C. Peterson, Linda S. Paine, Phyllis Ann Guillory
Steven L. Wagner, Alan C. Shapiro, Todd Crawford, CPA, Richard L. Medress
Thornton

Summary

The Tax Court valued a film library consisting of B grade films in connection with an economic substance analysis of a partnership transaction that resulted in substantial capital losses to the taxpayer.

See Also

Santa Monica Pictures, LLC v. CIR

Full Text of Court Cases
May 11, 2005

The Tax Court valued a film library consisting of B grade films in connection with an economic substance analysis of a partnership transaction that resulted in substantial capital losses to the taxpayer.