Estate of Hendry v. Commissioner
United States Tax Court
Decedent transferred a 655-acre farm on which he was conducting a citrus and cattle business to his wife in 1948. Decedent and his wife moved onto the property as their residence in 1954. Thereafter decedent built a house on the property with his own funds.
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Decedent transferred a 655-acre farm on which he was conducting a citrus and cattle business to his wife in 1948. Decedent and his wife moved onto the property as their residence in 1954. Thereafter decedent built a house on the property with his own funds. Decedent and his wife continued to occupy the property as their residence and decedent continued to operate the citrus and cattle business on the property until his death in 1968. Held, the value of the property is includable in decedent's estate under sec. 2036(a)(1), I.R.C. 1954.
1Opinion of the Court
Estate of Francis M. Hendry, Deceased, First National Bank of Tampa, Executor, Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Hendry v. Commissioner
Docket No. 8605-72
United States Tax Court
62 T.C. 861; 1974 U.S. Tax Ct. LEXIS 41; 62 T.C. No. 92;
September 24, 1974, Filed
Decision will be entered under Rule 155.
Decedent transferred a 655-acre farm on which he was conducting a citrus and cattle business to his wife in 1948. Decedent and his wife moved onto the property as their residence in 1954. Thereafter decedent built a house on the property with his own funds. Decedent…
2Cases cited15 opinions
- Commissioner v. Estate of ChurchSupreme Court of the United States · 1949
- Estate of Daniel McNichol Deceased, Ellen McNichol Evangelista and Joseph G. McNichol Executors v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1959
- Jane C. Guynn, of the Estate of Vena E. Calvert, Deceased v. United StatesCourt of Appeals for the Fourth Circuit · 1971
- McNichol v. CommissionerUnited States Tax Court · 1958
- Estate of Maria M. Coxe Skinner, Deceased, Neil McFee Skinner and Girard Trust Corn Exchange Bank, Executors v. United StatesCourt of Appeals for the Third Circuit · 1963
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