Nonrecourse Liabilities and Real Costs: A Reply to Professor Johnson

10 Pages Posted: 6 May 2009

See all articles by Erik M. Jensen

Erik M. Jensen

Case Western Reserve University School of Law

Abstract

After Professor Calvin Johnson had challenged an earlier article of the author (“The Unanswered Question in Tufts: What Was the Purchaser’s Basis?”), the author returned fire. The author of the original article claims - without fear of refutation in this context - that he won the skirmish.

Keywords: Taxation, Nonrecourse Liability, Calvin Johnson, Play Money Basis, When is Nonrecourse Liability a Valid Cost, The Unanswered Question in Tufts, What Was the Purchaser’s Basis?

JEL Classification: K34

Suggested Citation

Jensen, Erik M., Nonrecourse Liabilities and Real Costs: A Reply to Professor Johnson. Virginia Tax Review, Vol. 11, p. 643, 1992; Case Legal Studies Research. Available at SSRN: https://ssrn.com/abstract=1396701

Erik M. Jensen (Contact Author)

Case Western Reserve University School of Law ( email )

11075 East Boulevard
Cleveland, OH 44106-7148
United States
216-368-3613 (Phone)
216-368-2086 (Fax)

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