McRae v. Commissioner
United States Board of Tax Appeals
1. The full value of the community property held by the decedent and his wife is includable in his gross estate for estate tax purposes. 2. By deeds executed and delivered in 1915 the decedent conveyed certain real property to his wife and daughter.
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1. The full value of the community property held by the decedent and his wife is includable in his gross estate for estate tax purposes. 2. By deeds executed and delivered in 1915 the decedent conveyed certain real property to his wife and daughter. Such action, coupled with acceptance by the donees, constituted completed gifts inter vivos of the property conveyed, even though the deeds were not placed on record until 1925. 3. Securities purchased with funds derived from the sale of a parcel of the real estate conveyed to the wife are included in the decedent's gross estate in the absence of…
1Opinion of the Court
ESTATE OF PHILIP MCRAE, LOUISE C. MCRAE, EXECUTRIX, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
McRae v. Commissioner
Docket No. 32303.
United States Board of Tax Appeals
30 B.T.A. 1087; 1934 BTA LEXIS 1217;
June 29, 1934, Promulgated
1. The full value of the community property held by the decedent and his wife is includable in his gross estate for estate tax purposes.
2. By deeds executed and delivered in 1915 the decedent conveyed certain real property to his wife and daughter. Such action, coupled with acceptance by the donees, constituted completed gifts inter vivos of the…
2Cases cited1 opinion
- McRae v. CommissionerUnited States Board of Tax Appeals · 1934