Huntley v. Commissioner
United States Board of Tax Appeals
On May 22, 1929, the surrogate ordered that certain securities belonging to the estate of Charles R. Huntley, deceased, be distributed to the petitioners herein.
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On May 22, 1929, the surrogate ordered that certain securities belonging to the estate of Charles R. Huntley, deceased, be distributed to the petitioners herein. Pursuant to such decree the executors delivered the securities to the petitioners on June 20 and July 12, 1929. The securities in part were sold by the petitioners in 1930. Held, the basis for determination of gain or loss upon the sales was the fair market value of the securities "at the time of the distribution" to the petitioners, which was May 22, 1929, the effective date of the surrogate's decree. Arthur E. Braun, Trustee,29…
1Opinion of the Court
WILLIAM R. HUNTLEY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. MANUFACTURERS & TRADERS TRUST COMPANY AND WILLIAM R. HUNTLEY, TRUSTEES FOR MARY HUNTLEY GREEN, PETITIONERS, v. AND WILLIAM R. HUNTLEY, TRUSTEES FOR ROBERT R. HUNTLEY, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Huntley v. Commissioner
Docket Nos. 69214, 69215, 69216.
United States Board of Tax Appeals
30 B.T.A. 931; 1934 BTA LEXIS 1245;
June 15, 1934, Promulgated
On May 22, 1929, the surrogate ordered that certain securities belonging to the estate of…
2Cases cited2 opinions
- Braun v. CommissionerUnited States Board of Tax Appeals · 1934
- Huntley v. CommissionerUnited States Board of Tax Appeals · 1934