Guggenheim v. Commissioner
United States Board of Tax Appeals
1. The value of 1,109,859 shares of stock of the A corporation, owned by a partnership in which decedent had an interest at the time of his death, determined.
Read the full summary
1. The value of 1,109,859 shares of stock of the A corporation, owned by a partnership in which decedent had an interest at the time of his death, determined. Market prices at which small lots sold, held not conclusive of the fair market value of the large lot. 2. The fair market value as of the date of decedent's death of certain open account loans made to the A corporation by the partnership of which he was a member determined. 3. The value of the decedent's interest in a partnership may not be reduced because of contingent liabilities resulting (a) from the firm's guaranty of obligations…
1Opinion of the Court
ESTATE OF DANIEL GUGGENHEIM, DECEASED, FLORENCE GUGGENHEIM, EXECUTRIX, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Guggenheim v. Commissioner
Docket No. 77675.
United States Board of Tax Appeals
39 B.T.A. 251; 1939 BTA LEXIS 1047;
February 2, 1939, Promulgated
1. The value of 1,109,859 shares of stock of the A corporation, owned by a partnership in which decedent had an interest at the time of his death, determined. Market prices at which small lots sold, held not conclusive of the fair market value of the large lot.
2. The fair market value as of the date of decedent's death of…
2Cases cited13 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Porter v. CommissionerSupreme Court of the United States · 1933
- Brooks-Scanlon Corp. v. United StatesSupreme Court of the United States · 1924
- Helvering v. HelmholzSupreme Court of the United States · 1935
- White v. PoorSupreme Court of the United States · 1935
8 more not listed; retrieve them via the Exa API.