ESTATE OF FREEMAN v. COMMISSIONER

Docket No. 92149.

23 T.C.M. 1893 (1964)

T.C. Memo. 1964-306

Estate of Elgin S. Freeman, Marie L. Freeman, Administratrix, and Estate of Zila M. Freeman, Marie L. Freeman, Administratrix v. Commissioner.

United States Tax Court.

Filed November 20, 1964.


Attorney(s) appearing for the Case

Daniel R. McCarthy, for the petitioners. Eugene S. Linett, for the respondent.


Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined deficiencies in the income tax of petitioners' decedents for the years 1955, 1956, and 1957 in the respective amounts of $136,050.64, $6,728.96, and $5,462.49. Other issues herein having been settled by agreement of the parties, the sole question remaining for decision is whether the redemption by the Hotel Rieger Company in 1955 of 360 shares of its stock owned by Zila M. Freeman...

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