United States Eighth Circuit
ESTATE OF ALTON BEAN v. COMM'R OF INTERNAL REVENUE, 01-1501
A shareholder's pledge of personally owned property is not an economic outlay sufficient to increase the shareholder's basis in an S corporation.
Appellate Information
- Decided 10/01/2001
- Published 10/01/2001
Judges
- HANSEN, Circuit Judge., Before McMILLIAN, BEAM, and HANSEN, Circuit Judges.
Court
- United States Eighth Circuit
Counsel
- For Appellant:
- James Allen Brown, Little Rock, AR, for appellant.
- For Appellees:
- Teresa E. McLaughlin, Paula K. Speck, DOJ, Tax Div., Washington, DC (Claire Fallon, on the brief), for appellee.