Summary
Tax Court finds transfer of $16 million in marketable securities to two FLPs fail to qualify as bona fide, nontax business transactions when decedent retained full use of assets, including pledging them as collateral for personal debt.
See Also
Estate of Malkin v. Commissioner
Tax Court finds transfer of $16 million in marketable securities to two FLPs fail to qualify as bona fide, non-tax business transactions when decedent retained full use of assets, including pledging them as collateral for personal debt.