Absorption Discount Applied to Value Assets

Business Valuation Update BVLaw
Legal and Court Case Update
April 20, 1999
6091 Nondeposit Trust Facilities
523991 Trust, Fiduciary, and Custody Activities
estate and gift taxation
buy-sell agreement, estate tax, fair market value (FMV)

Estate of Rodgers v. Commissioner of Internal Revenue
T.C. Memo 1999-129,1999 Tax Ct. Memo LEXIS 179
Federal Court
United States Tax Court
Patrick J. Egan (for estate)<br>Charles H. Stryker (for estate)<br>David Chaffe III (for estate)|Fredrick M. Guice, Sr. (for IRS)|Philip W. Moore (for IRS)


The issue in this estate tax matter is the valuation of decedent's 166 2/3 shares of stock representing one-third of the total of Marrero Land, a real estate operating company that engages in "the business of acquiring, developing, managing, improving, maintaining, leasing, and selling real estate."

See Also

Estate of Rodgers v. Commissioner of Internal Revenue

At issue is is the fair market value of the interest that Lynn M. Rodgers (decedent) owned on the date of his death in Marrero Land and Improvement Association, Limited.