Court Disallows Built-In Capital Gains Discount

Business Valuation UpdateVol. 4 No. 7
Legal and Court Case Update
July 1998

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1731 Electrical Work
238210 Electrical Contractors and Other Wiring Installation Contractors
estate and gift taxation
estate tax, capital gains
Estate of Welch v. Commissioner (I)
T.C. Memo 1998-167, 1998 Tax Ct. Memo LEXIS 165
May 6, 1998
US
Federal Court
United States Tax Court
Mercer Capital (for Electric Service, Inc.)
Laro

Summary

At issue is whether the estate of Welch is entitled to discount the value of stock for built-in capital gains taxes, causing a deficiency of $59,987 in federal estate taxes.

See Also

Estate of Welch v. Commissioner (I)

Full Text of Court Cases
May 6, 1998

At issue is whether the estate of Welch is entitled to discount the value of stock for built-in capital gains taxes.