106 T.C. No. 13 UNITED STATES TAX COURT G.M. TRADING CORPORATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent* Docket No. 6983-91. Filed April 17, 1996. On reconsideration, we decline to alter any of the findings of fact or conclusions of law set forth in our prior opinion at 103 T.C. 59 (1994). Supplemental findings of fact and conclusions of law made. Held, we adhere to our prior holding that petitioner is to be treated as having realized a taxable gain on the exchange of U.S. dollar-denominated Mexican Government debt for Mexican pesos. We also adhere to our prior findings and conclusions regarding the value of the pesos received and the amount of gain realized. This opinion supplements our prior opinion, G.M. Trading Corp. v. Commissioner, 103 T.C. 59 (1994).Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
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