TaxTrends

Recent Cases
and Rulings

David O’Driscoll, J.D., LL.M.

IN THIS DEPARTMENT

Estates, Trusts & Gifts

Second Circuit holds trust investment advisory fees subject to 2% floor; Rudkin Testamentary Trust, 2d Cir.

Gains & Losses

Sale of lottery payments produces ordinary income; Watkins, 10th Cir.

The reports of cases, rulings, etc., herein, except for the Reflections, are edited versions of the relevant court opinion, published ruling, etc.

*‑This development, concerning related matters, is covered in the Reflections to the report of the principal item.