ESTATE OF IACONO v. COMMISSIONER

Docket No. 7287-79.

41 T.C.M. 407 (1980)

T.C. Memo. 1980-520

Estate of Maria Iacono, Rose Giusti and Helen Reese, Co-Executrices v. Commissioner.

United States Tax Court.

Filed November 25, 1980.


Attorney(s) appearing for the Case

Charles A. Lane, 234 Front St., San Francisco, Calif., for the petitioners. Milton B. Blouke, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined a deficiency in the Federal estate tax of the Estate of Maria Iacono, Decedent, Rose Giusti and Helen Reese, Co-Executrices, in the amount of $81,315. By an Amendment to Answer respondent alleged an increased deficiency in the estate tax in the amount of $52,614, for a total deficiency of $133,929.

The issues for decision are: (1) the fair market value on January 11, 1977...

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