United States Tax Court March 11, 2013, 16597-10 (Estate of James A. Elkins, Jr., Margaret Elise Joseph and Leslie Keith Sasser, Independent Executors v. Commissioner)

140 T.C. No. 5

UNITED STATES TAX COURT

ESTATE OF JAMES A. ELKINS, JR., DECEASED, MARGARET ELISE

JOSEPH AND LESLIE KEITH SASSER, INDEPENDENT EXECUTORS,

Petitioners v.

COMMISSIONER OF INTERNAL REVENUE, Respondent

Docket No. 16597-10. Filed March 11, 2013.

D owned undivided fractional interests in 64 works of

contemporary art.

1. Held: In valuing certain of those fractional interests, pursuant

to I.