Court Opinion

ID: 9431069
Source: CourtListenerOpinion
Date Created: 2023-08-02 23:31:16.504641+00
Date Added: 2024-06-11T17:23:26.926424
License: Public Domain

Justice Scalia,
concurring in the judgment.
I do not believe that the Finks’ surrender of their shares was, or even closely resembles, a shareholder contribution to *101corporate capital. Since, however, its purpose was to make the corporation a more valuable investment by giving it a more attractive capital structure, I think that it was, no less than a contribution to capital, an “amount paid out.. . for.. . betterments made to increase the value of. . . property,” 26 U. S. C. § 263 (a)(1), and thus not entitled to treatment as a current deduction.