Summary
The full Tax Court concluded that a taxpayer who donated stock to a charitable organization was not entitled to a deduction greater than their basis in the stock. The stock was closely held and thinly traded through the company. The taxpayer failed to c ...
John T. & Linda L. Hewitt (Hewitt I) v. CIR
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See Also
Qualified Appraisal Required to Substantiate Value of Charitable Donation
The full Tax Court concluded that a taxpayer who donated stock to a charitable organization was not entitled to a deduction greater than their basis in the stock.