5th Circuit Orders Dollar-for-Dollar Reduction for Built-In Capital Gains in Asset-Based Valuation

Business Valuation UpdateVol. 8 No. 9
Legal and Court Case Update
September 2002
7353 Heavy Construction Equipment Rental and Leasing
532412 Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
estate and gift taxation

Estate of Dunn v. Commissioner (II)
301 F.3d 339, 2002 U.S. App. LEXIS 15453
August 1, 2002
Federal Court
5th Circuit
United States Court of Appeals
William Frazier, ASA (for estate), Shannon Pratt, CFA, FASA, CBA (for estate), Carmen Eggleston, CPA (for IRS)


This case comes on appeal to the 5th Circuit Court of Appeals from Estate of Dunn v. Commissioner , T.C. Memo 2000-12, 79 T.C.M. (CCH) 1337 (Jan. 12, 2000), which was abstracted in the March 2000 issue of the Business Valuation Update.

See Also

Estate of Dunn v. Commissioner (II)

The only issue on appeal was the appropriate built-in gains tax discount to be applied in calculating the fair market value of a 62.96% block of common stock.