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Commissioner, 84 T.C. 722 (1985); Dean v. Commissioner, 83 T.C.
56, 75 (1984); Fuchs v. Commissioner, 83 T.C. 79, 99 (1984).
Petitioner must prove that respondent's determination of
fair market value set forth in her notice of deficiency is
incorrect. Rule 142(a); Welch v. Helvering, 290 U.S. 111, 115
(1933). Petitioner must also prove that the fair market value of
the San Antonio brewery is different than the value reported on
its tax return. Rule 142(a). A determination of fair market
value is factual, and a trier of fact must weigh all relevant
evidence of value and draw appropriate inferences. Commissioner
v. Scottish Am. Inv. Co., 323 U.S. 119, 123-125 (1944);
Helvering v. National Grocery Co., supra at 294; Hamm v.
Commissioner, 325 F.2d 934, 938 (8th Cir. 1963), affg. T.C. Memo.
1961-347; Skripak v. Commissioner, 84 T.C. 285, 320 (1985);
Zmuda v. Commissioner, 79 T.C. 714, 726 (1982), affd. 731 F.2d
1417 (9th Cir. 1984). Fair market value is the price that a
willing buyer would pay a willing seller, both persons having
reasonable knowledge of all relevant facts and neither person
being under any compulsion to buy or to sell. Sec. 20.2031-1(b),
Estate Tax Regs.; see also United States v. Cartwright, 411 U.S.
546, 551 (1973); Kolom v. Commissioner, 644 F.2d 1282, 1288 (9th
Cir. 1981), affg. 71 T.C. 235 (1978); Estate of Hall v.
Commissioner, 92 T.C. 312, 335 (1989). The willing buyer and the
willing seller are hypothetical persons, rather than specific
individuals or entities, and the characteristics of these
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