In Dieringer v. Commissioner of Internal Revenue, the Ninth Circuit affirmed the Tax Court’s 2016 holding that an estate’s charitable deduction was based on the value of property actually received by the charity, and not the property’s date-of-death value, where the trustee of a trust that inherited all of a decedent’s property engaged in post-death transactions resulting in the charity actually receiving property worth less than its estate tax value.
See full opinion at Dieringer v. Comm., No. 16-72640 (9th Cir. March 12, 2019).
