Case Name: Gerald A. Wharton and Glenn C. Wharton, Executors, Estate of John G. Wharton, Petitioners, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1928-09-10
Citations: 13 B.T.A. 302
Docket Number: Docket No. 26439
Parties: Gerald A. Wharton and Glenn C. Wharton, Executors, Estate of John G. Wharton, Petitioners, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 13
Pages: 302–303

Head Matter:
Gerald A. Wharton and Glenn C. Wharton, Executors, Estate of John G. Wharton, Petitioners, v. Commissioner of Internal Revenue, Respondent.
Docket No. 26439.
Promulgated September 10, 1928.
John 0. Ohew, Esq., for the petitioners.
Benton Baker, Esq., for the respondent.

Opinion:
OPINION.
Lansdon :
The petitioners here support their valuation of $15,000 for the land in question by the testimony of three witnesses — a real estate dealer who knows the tract and has bought and sold farm lands in western Iowa for many years, and two sons of the decedent, each of whom owns several tracts of farm land in Iowa and other western States. Upon the evidence we base our conclusion that the tract in question had a value not in excess of $15,000 at May 7,1924.
Decision will be entered for the petitioners.