Court Values Stock at Subsequent Sale Price

Business Valuation UpdateVol. 4 No. 3
Legal and Court Case Update
March 1998

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3812 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments
334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
estate and gift taxation
estate tax, preferred stock
Estate of Trompeter v. Commissioner (I)
T.C. Memo 1998-35, 1998 Tax Ct. Memo LEXIS 36
January 27, 1998
US
Federal Court
United States Tax Court
Patricia L. Bates (for estate)<br>Herbert T. Spiro (for estate)
Laro

Summary

Although there are other assets at issue in this case, our review is limited to the value of 1,533.482 shares of a certain class of Sterling Holding Co. preferred stock as of the alternate estate valuation date, Sept. 18, 1992.

See Also

Estate of Trompeter v. Commissioner (I)

Full Text of Court Cases
January 27, 1998

Issue was the fair market value of 1,533.482 shares of a certain class of Sterling Holding Co. preferred stock.