Summary
On appeal by the estate, the 8th Circuit Court of Appeals found that discounts of 20% for minority interest and 10% for lack of marketability of the estate shares were appropriately applied when determining the value of the estate’s 26.92% stock holdings.
See Also
Estate of Berg v. Commissioner
976 F.2d 1163 (8th Cir. Oct. 5, 1992), Judge Gibson, affirming in part and reversing in part T.C. Memo 1991-279, 61 T.C.M. (CCH) 2949 (June 20, 1991), Judge Wright.