Inventor Tells 9th Circ. IP Royalties Were Capital Gains

Published: 4/10/2017
Inventor Tells 9th Circ. IP Royalties Were Capital Gains
Source: WWW.LAW360.COM

A Nevada inventor urged a Ninth Circuit panel on Wednesday to toss out a U.S. Tax Court decision that found nearly $7 million in patent royalties couldn’t be treated as capital gains, saying that he didn’t have meaningful control of companies in charge of the patents despite close ties to directors.

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