Brookshire v. Commissioner

Full Text of Court Cases
October 8, 1998
5411 Grocery Stores
445110 Supermarkets and Other Grocery Retailers (except Convenience Retailers)
estate and gift taxation
buy-sell agreement, discount for lack of marketability (DLOM)

Brookshire v. Commissioner
T.C. Memo 1998-365, 1998 Tax Ct. Memo LEXIS 370
Federal Court
United States Tax Court
Charles Wilhoite (for estate)<br>Robert Conklin (for estate)<br>Ron Lint (for IRS)


At issue is the value, as of the date of decedent's death, of 106,826 shares of common stock of a closely held family corporation.

See Also

Stock Repurchase Agreement Not Controlling; Tax Court Applies 40% Marketability Discount

Ann Brookshire owned 219,710 shares of common stock in Brookshire Grocery Co., representing 9.79% of the total shares outstanding, at the time of her death on Nov. 20, 1993.