Thursday, August 04, 2011

Ninth Circuit -- CIR V. ESTATE OF ANNE Y. PETTER

CIR V. ESTATE OF ANNE Y. PETTER

 Where the amount of stock donated to charitable institution is tied to the valuation of the stock, the valuation is not a condition precedent to the transfer.  (The stock passes when it passes.)

Ergo, the charities can deduct the additional shares.
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.