MATSON, JUSTICE.
Certiorari upon relation of the commissioner of taxation to review a decision of the state Board of Tax Appeals.
In 1948 the taxpayer sold securities for $304,159.61. The cost basis of the securities under the Minnesota Income Tax Act was the value of the securities on January 1, 1933, which was $94,500. The cost basis for the Federal income tax was the value of the securities in the estate of the decedent who died September 22, 1926, which...
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