ESTATE OF RABE v. COMMISSIONER

Docket No. 126-72.

34 T.C.M. 117 (1975)

T.C. Memo. 1975-26

Estate of Elizabeth Schulz Rabe, Deceased, Lois Elizabeth Rabe Sarman, and Edwin Carl Sarman, Co-executors v. Commissioner.

United States Tax Court.

Filed February 11, 1975.


Attorney(s) appearing for the Case

George W. Abbott, for the petitioners. Lawrence G. Becker, for the respondent.


Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined a deficiency of $1,535,095.73 in the Federal estate tax of the Estate of Elizabeth Schulz Rabe. After concessions by the parties, the issues remaining for our decision are (1) the value on July 11, 1967, of 470.5 acres of land located at Lake Tahoe, Douglas County, Nevada; (2) the value on July 11, 1967, of a one acre portion of this property which the decedent gave to St. Gall...

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