State v. Marine National Exchange Bank

This is an appeal from an amended order determining inheritance taxes in the estate of Oscar R. Haase (hereafter estate). The estate claimed inheritance tax administrative expense deductions of $15,096.08 paid out in brokerage commissions in the sale of real estate and stock and other miscellaneous disbursements such as title policies and abstract fees connected with those sales.

The estate also used the $15,096.08 as a reduction or setoff on the fiduciary income tax returns of the estate to reduce the amount of capital gains realized on the sale. The parties agree that the issue here is…