ESTATE OF SKAGGS v. COMMISSIONER

Docket No. 6546-78.

75 T.C. 191 (1980)

ESTATE OF ERNEST D. SKAGGS, DECEASED, CAROLYN C. FIKE, EXECUTRIX, AND CAROLYN C. FIKE, FORMERLY CAROLYN C. SKAGGS, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed October 30, 1980.


Attorney(s) appearing for the Case

Philip H. Wile, for the petitioners.

Henry E. O'Neill, for the respondent.


OPINION

FEATHERSTON, Judge:

Respondent determined deficiencies in petitioners' Federal income tax for 1974 as follows:

             Petitioner                           Deficiency

      Estate of Ernest D. Skaggs .............     $151,858
      Carolyn C. Fike ........................      110,113

Due to concessions by petitioners, the following issues remain for decision:

(1) Whether certain assets...

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