Estate of Cervin v. Commissioner

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October 31, 1994

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0191 General Farms, Primarily Crop
111998 All Other Miscellaneous Crop Farming
estate and gift taxation
expert testimony, fair market value (FMV), fractional interest, fractionalization discount, real property
Estate of Cervin v. Commissioner
T.C. Memo 1994-550
US
Federal Court
United States Tax Court
A.C. Mosher (petitioner/estate); Harry Hunsicker Sr. (respondent/IRS)
Cohen

Summary

In valuing 50% undivided interest in farm and homestead, Tax Court determines 20% discount should apply to each of decedent’s fractional interests.
Estate of Cervin v. Commissioner
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