Gitlitz v. Commissioner

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Gitlitz v. Commissioner
Supreme Court of the United States
Argued October 2, 2000 Decided January 9, 2001
Full case name	David A. Gitlitz, ex ux., et al. v. Commissioner of Internal Revenue
Citations	531 U.S. 206 (more) 121 S. Ct. 701; 148 L. Ed. 2d 613
Case history
Prior	Winn v. Comm'r, 75 T.C.M. (CCH) 1840 (T.C. 1998); aff'd sub nom. Gitlitz v. Comm'r, 182 F.3d 1143 (10th Cir. 1999); cert. granted, 529 U.S. 1097 (2000).
Subsequent	On remand, 6 F. App'x 770 (10th Cir. 2001).
Holding
The Internal Revenue Code permits taxpayers to increase bases in their S corporation stock by the amount of an S corporation's discharge of indebtedness excluded from gross income and the increase occurs before taxpayers are required to reduce the S corporation's tax attributes.
Court membership
Chief Justice William Rehnquist Associate Justices John P. Stevens · Sandra Day O'Connor Antonin Scalia · Anthony Kennedy David Souter · Clarence Thomas Ruth Bader Ginsburg · Stephen Breyer
Case opinions
Majority	Thomas, joined by Rehnquist, Stevens, O'Connor, Scalia, Kennedy, Souter, Ginsburg
Dissent	Breyer
Laws applied
Internal Revenue Code

Gitlitz v. Commissioner, 531 U.S. 206 (2001), was a United States Supreme Court case decided in 2001. The case concerned a technical question of tax law dealing with the tax attributes of an S corporation.