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Estate Allowed Theft Deduciton for Estate Tax Purposes for Theft of Asset Held By LLC 99% Owned by the Estate

September 27, 2016 by Ed Zollars, CPA

An estate that owned a 99% interest in an LLC whose only asset was an account with Madoff Securities looked to claim a theft loss deduction on its estate tax return in the case of Estate of Heller v. Commissioner, 147 TC No. 11.

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September 27, 2016 /Ed Zollars, CPA
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