Deposits of FLP Income to Personal Bank Account Cause Disallowance of Gifts

Business Valuation UpdateVol. 3 No. 8
Legal and Court Case Update
August 1997
5211 Lumber and Other Building Materials Dealers
444190 Other Building Material Dealers
estate and gift taxation
estate tax

Schauerhamer v. Commissioner
T.C. Memo 1997-242, 1997 Tax Ct. Memo LEXIS 277
May 28, 1997
Federal Court
United States Tax Court


The decedent, Dorothy Schauerhamer, established three partnerships to which she gifted assets, primarily commercial real estate.

See Also

Schauerhamer v. Commissioner

At issue is whether the value of certain assets transferred to family partnerships is includable in the decedent's gross estate.