Bristol v. State Tax Commission

Peter M. Gttnnar, Judge.

This is a suit in which the plaintiff seeks to set aside an assessment of additional income taxes for the year 1956 and follows a hearing before the State Tax Commission which resulted in its opinion and order No. 1-62-2, adverse to the plaintiff.

This case concerns the basis, and the gain or loss upon sale, of all the shares of a Washington corporation held by a decedent’s estate. Briefly, the stipulated facts are as follows: Upon the death of its decedent in 1947, the estate of which the plaintiff is the administrator acquired all the stock of a Washington…