Ownership Requirements for Non-Business Theft Losses: A Review of Pascucci v. Commissioner — Current Federal Tax Developments
The United States Tax Court, in Pascucci v. Commissioner , T.C. Memo. 2024-43 (Apr. 15, 2024), and subsequently the United States Court of Appeals for the Second Circuit in Pascucci v. Commissioner of Internal Revenue , No. 24-2429 (2d Cir. Nov. 12, 2025) (Summary Order), addressed the critical qu
The United States Tax Court, in Pascucci v. Commissioner , T.C. Memo. 2024-43 (Apr. 15, 2024), and subsequently the United States Court of Appeals for the Second Circuit in Pascucci v. Commissioner of Internal Revenue , No. 24-2429 (2d Cir. Nov. 12, 2025) (Summary Order), addressed the critical qu
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