The Resource U.S. Tax Court's Fannie Mae decision makes the world safe for hedging

U.S. Tax Court's Fannie Mae decision makes the world safe for hedging

Label
U.S. Tax Court's Fannie Mae decision makes the world safe for hedging
Title
U.S. Tax Court's Fannie Mae decision makes the world safe for hedging
Creator
Subject
Summary
Reviews a US Tax Court decision in Federal National Mortgage Association V. Commissioner in which the court allowed ordinary tax treatment for liability hedges since its portfolio mortgages qualified for one of the statutory exceptions to capital asset treatment. Addresses the implications of the case, to distinguish hedging transactions from speculation. Although the decision is comforting, uncertainty still exists for corporate issuers and purchasers of jet fuel, which does not qualify for any statutory exclusion
Citation source
In: Tax Notes International. - Arlington. - Vol. 7 (1993),
http://library.link/vocab/creatorName
Sheppard, L.A
Language note
English
http://library.link/vocab/subjectName
  • hedging transaction
  • portfolio investment
Label
U.S. Tax Court's Fannie Mae decision makes the world safe for hedging
Instantiates
Publication
Abbreviated title
TaxNint
Label
U.S. Tax Court's Fannie Mae decision makes the world safe for hedging
Publication
Abbreviated title
TaxNint

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