Tax Court Values Partnership Interest in Future Lottery payments

Business Valuation Update BVLaw
Legal and Court Case Update
July 9, 2001
estate and gift taxation
discount for lack of marketability (DLOM), estate tax

Estate of Cook v. Commissioner
2001 Tax Ct. Memo LEXIS 202
Federal Court
United States Tax Court
Peter Phalon (for estate)


This estate tax case concerns 19 annual installment payments of lottery winnings to a limited partnership in which the decedent held a 2% general partnership interest and a 48% limited partnership interest.

See Also

Estate of Cook v. Commissioner

At issue is the value at decedent's date of death of her interest in a limited partnership.