Estate of Crossmore v. Commissioner
United States Tax Court
When decedent died she owned an interest in the estate of another arising under a will not probated at the valuation date. Held, the date-of-death fair market value of decedent's interest was $ 270,179 after discount for the nuisance value of the anticipated claim of undue influence against the will giving rise to that interest. Sec. 2031(a).
1Opinion of the Court
ESTATE OF VIRGINIA W. CROSSMORE, DECEASED, EDWARD Y. CROSSMORE, EXECUTOR, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Crossmore v. Commissioner
Docket No. 25910-87.
United States Tax Court
T.C. Memo 1988-494; 1988 Tax Ct. Memo LEXIS 516; 56 T.C.M. (CCH) 483; T.C.M. (RIA) 88494;
October 12, 1988.
When decedent died she owned an interest in the estate of another arising under a will not probated at the valuation date. Held, the date-of-death fair market value of decedent's interest was $ 270,179 after discount for the nuisance value of the anticipated claim of undue influence…
2Cases cited34 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Salen v. United States Lines Co.Supreme Court of the United States · 1962
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