Summary
The full Tax Court concluded that a taxpayer who donated stock to a charitable organization was not entitled to a deduction greater than their basis in the stock.
See Also
John T. & Linda L. Hewitt (Hewitt I) v. CIR
The full Tax Court concluded that a taxpayer who donated stock to a charitable organization was not entitled to a deduction greater than their basis in the stock. The stock was closely held and thinly traded through the company. The taxpayer failed to c ...