Estate of Doherty v. Comm'r
United States Tax Court
P attempted to elect special use valuation under sec. 2032A, I.R.C. 1954, on its estate tax return timely filed in January 1985. The personal representative provided estimated market values on the filed return for the subject real property.
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P attempted to elect special use valuation under sec. 2032A, I.R.C. 1954, on its estate tax return timely filed in January 1985. The personal representative provided estimated market values on the filed return for the subject real property. P also attempted to elect a marital deduction for "qualified terminable interest property" under sec. 2056(b)(7), I.R.C. 1954. The decedent's will established a trust by the terms of which the surviving spouse had discretion as trustee to distribute all the income to himself for life or to accumulate part or all of the income for distribution to others…
1Opinion of the Court
Estate of Loren Doherty, Deceased, Dan A. Doherty, Personal Representative, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Doherty v. Comm'r
Docket No. 5568-88
United States Tax Court
95 T.C. 446; 1990 U.S. Tax Ct. LEXIS 101; 95 T.C. No. 32;
October 18, 1990, Filed
Decision will be entered under Rule 155.
P attempted to elect special use valuation under sec. 2032A, I.R.C. 1954, on its estate tax return timely filed in January 1985. The personal representative provided estimated market values on the filed return for the subject real property. P also attempted to elect a marital…
2Cases cited31 opinions
- Beals ex rel. Walker v. AresNew Mexico Supreme Court · 1919
- Taylor v. CommissionerUnited States Tax Court · 1977
- Estate of Ralph D. Cowser, Deceased, Patricia Ann Tucker v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1984
- Lucille Prussner, as of the Estate of Aileen E. Pfeifer v. United StatesCourt of Appeals for the Seventh Circuit · 1990
- Fehlhaber v. CommissionerUnited States Tax Court · 1990
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