realized losses
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 280 U.S. 445 - Lucas v. American Code Co. · 1930Most cited · 1,481 citing opinions
the income tax law is concerned only with realized losses, as with realized gains. Exception is made, however, in the case of losses which are so reasonably certain in fact and ascertainable in amount as to justify their deduction, in certain circumstances, before they are absolutely realized.
How often courts cite the case defining “realized losses”
Court decisions citing the opinion that defined “realized losses” — 1,481 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.