Estate of Mapes v. Comm'r
United States Tax Court
Estate sought to elect the special use valuation of farm property under sec. 2032A, I.R.C., and further sought, in the event that the special use valuation were disapproved, to elect the alternate valuation method under sec. 2032, I.R.C.Held, estate failed to prove that its farm property satisfied the 50-percent test of sec. 2032A(b)(1)(A), I.R.C.Held, further, petitioner made a valid election of the alternate valuation method under sec. 2032.
1Opinion of the Court
Estate of Kenneth R. Mapes, Deceased, Dyanne K. Miller and Donald R. Mapes, Co-Executors, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Mapes v. Comm'r
Docket No. 1038-89
United States Tax Court
99 T.C. 511; 1992 U.S. Tax Ct. LEXIS 81; 99 T.C. No. 27;
October 29, 1992, Filed
Decision will be entered under Rule 155.
Estate sought to elect the special use valuation of farm property under sec. 2032A, I.R.C., and further sought, in the event that the special use valuation were disapproved, to elect the alternate valuation method under sec. 2032, I.R.C.Held, estate failed to prove…
2Cases cited15 opinions
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- Pacific National Co. v. WelchSupreme Court of the United States · 1938
- Downe v. CommissionerUnited States Tax Court · 1943
- Estate of Gunland v. CommissionerUnited States Tax Court · 1987
- Estate of Geiger v. CommissionerUnited States Tax Court · 1983
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