Tutwiler v. Commissioner
United States Board of Tax Appeals
1. Capital assets sold by executors of an estate within two years after the death of the decedent are not within the provisions of section 208 of the Revenue Act of 1926. 2. The basis for determining gain from the sale of assets of an estate on April 6, 1926, is the value of such property at the date of decedenths death.
1Opinion of the Court
HERBERT TUTWILER, EDWARD M. TUTWILER, TEMPLE TUTWILER, AND MARGARET C. TUTWILER, TRUSTEES, E. M. TUTWILER TRUST ESTATE, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Tutwiler v. Commissioner
Docket No. 48688.
United States Board of Tax Appeals
28 B.T.A. 495; 1933 BTA LEXIS 1112;
June 22, 1933, Promulgated
1. Capital assets sold by executors of an estate within two years after the death of the decedent are not within the provisions of section 208 of the Revenue Act of 1926.
2. The basis for determining gain from the sale of assets of an estate on April 6, 1926, is the value of such…
2Cases cited1 opinion
- Tutwiler v. CommissionerUnited States Board of Tax Appeals · 1933