1. Cottage Sav. Ass'n v. Comm'r, No. 89-1965 , SUPREME COURT OF THE UNITED STATES, January 15, 1991, Argued , April 17, 1991, Decided
OVERVIEW: Lender that exchanged participation interests in a number of low-interest mortgages with another lender during period of high-interest, was entitled to take tax deductible losses where the mortgages were different.
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