Central Trust Co. v. Commissioner
United States Board of Tax Appeals
Basis for computing gain or loss on sale of capital assets of an estate in the hands of an administrator is the value of such property at date of decedent's death. Dorothy Payne Whitney Straight, Executrix,7 B.T.A. 177.
1Opinion of the Court
CENTRAL TRUST CO., EXECUTOR, ESTATE OF W. T. CROSBY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Central Trust Co. v. Commissioner
Docket No. 33258.
United States Board of Tax Appeals
19 B.T.A. 867; 1930 BTA LEXIS 2311;
May 8, 1930, Promulgated
Basis for computing gain or loss on sale of capital assets of an estate in the hands of an administrator is the value of such property at date of decedent's death. Dorothy Payne Whitney Straight, Executrix,7 B.T.A. 177.
F. A. McCoy, Esq., for the petitioner.
P. M. Clark, Esq., for the respondent.
LANSDON
OPINION.
LANSDON: The respondent has…
2Cases cited2 opinions
- Straight v. CommissionerUnited States Board of Tax Appeals · 1927
- Central Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1930