Summary
The U.S. Court of Appeals for the Seventh Circuit rejected the donor's charitable deduction for the value of property and mineral rights in Alaska. The donor argued that the property, which he purchased for $30,000, had a value of $2.75 million as a luxu ...
Theodore W. Van Zelst, et al. v. CIR
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See Also
Court Critical of Appraisals Based on Unreasonable Hypothetical Uses
The U.S. Court of Appeals for the Seventh Circuit rejected the donor's charitable deduction for the value of property and mineral rights in Alaska. The donor argued that the property, which he purchased for $30,000, had a value of $2.75 million as a luxu ...