ESTATE OF JENNER v. COMMISSIONER

Docket No. 1529-74.

36 T.C.M. 241 (1977)

T.C. Memo. 1977-54

Estate of Helen Baker Jenner v. Commissioner.

United States Tax Court.

Filed March 3, 1977.


Attorney(s) appearing for the Case

Lorentz B. Knouff, Connecticut Mutual Bldg., 33 N. Dearborn St., Chicago, Ill. 60202, Don S. Harnack, Clinton A. Krislov, and Robert J. Ley, for the petitioner. Seymour I. Sherman, for the respondent.


Memorandum Findings of Fact and Opinion

WILES, Judge:

Respondent determined an estate tax deficiency of $3,661,955.31. Petitioner asserts an overpayment of estate taxes in the amount of $2,213,941. To resolve the differences between petitioner and respondent, we must determine the value, on Helen Baker Jenner's death, of 226,800 shares of Baker Fentress & Co. (hereinafter BF) stock included in her estate. We must also determine the value at the time...

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