ESTATE OF NELSON v. COMMISSIONER

Docket No. 8786-78.

41 T.C.M. 400 (1980)

T.C. Memo. 1980-518

Estate of Frank H. Nelson, Deceased, Scott Romine and Mary L. Romine, Co-Executors v. Commissioner.

United States Tax Court.

Filed November 24, 1980.


Attorney(s) appearing for the Case

Marvin H. Gesell, 201 W. Olive St., Bloomington, Ill., for the petitioners. Roberta P. Cona and Michael J. Cooper, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined a deficiency in the Federal estate tax of the Estate of Frank H. Nelson, Decedent, Scott Romine and Mary L. Romine, Co-Executors, in the amount of $16,832.47. Some of the issues raised by the pleadings have been disposed of by the parties, leaving for our decision only the fair market value on September 27, 1975, of 160 acres of Illinois farmland owned by decedent at the date of...

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