Christine M. Hackl v. Commissioner

118 T.C. No. 14

UNITED STATES TAX COURT CHRISTINE M. HACKL, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent ALBERT J. HACKL, SR., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 6921-00, 6922-00. Filed March 27, 2002. In 1995 and 1996, Ps A and C made gifts to their children and grandchildren of membership units in Treeco, LLC, a limited liability company. Treeco had previously been organized by A to hold and operate tree farming properties. This timberland had been purchased by A to provide investment diversification in the form of long-term growth and future…