Kanawha Banking & Trust Co. v. Commissioner
United States Board of Tax Appeals
1. Value of corporation stock at date of decedent's death determined. 2. Value of city lots determined. 3. Value of land in West Virginiaheld includable in decedent's estate under section 302(a), Revenue Act of 1924. West Virginia Code, 1923, ch. 86, § 3, which subjects all real estate of decedent to "the decedent's debts and all lawful demands against his estate," construed as subjecting real estate to expenses of administration.
1Opinion of the Court
KANAWHA BANKING & TRUST COMPANY, A CORPORATION, AND ARTHUR M. HILL, EXECUTORS OF THE ESTATE OF FREDERICK M. STAUNTON, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Kanawha Banking & Trust Co. v. Commissioner
Docket No. 45710.
United States Board of Tax Appeals
29 B.T.A. 376; 1933 BTA LEXIS 952;
November 21, 1933, Promulgated
1. Value of corporation stock at date of decedent's death determined.
2. Value of city lots determined.
3. Value of land in West Virginiaheld includable in decedent's estate under section 302(a), Revenue Act of 1924. West Virginia Code, 1923, ch. 86, §…
2Cases cited9 opinions
- Crooks v. HarrelsonSupreme Court of the United States · 1930
- United States v. FieldSupreme Court of the United States · 1921
- Alexander v. ByrdSupreme Court of Virginia · 1889
- Virginia v. West VirginiaSupreme Court of the United States · 1907
- United States Fidelity & Guaranty Co. v. PeopleSupreme Court of Colorado · 1908
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