 In the case of property held in trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance with the pertinent provisions of the instrument creating the trust, or, in the absence of such provisions,...  Reports of the Tax Court of the United States - Page 350by United States. Tax Court - 1943Full view - About this book
 | United States. Supreme Court - 1940 - 894 pages
...person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of...on the basis of the trust income allocable to each. 1 32 BTA 633. The Board found the depreciable life of the property to be fifty years, instead of forty... | |
 | United States. Court of Claims - 1948 - 886 pages
...person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of...on the basis of the trust Income allocable to each. * . * * * * (o) CHARITABLE AND OTHIB CONTRIBUTIONS. — In the case of an Individual, contributions... | |
 | United States. Court of Claims - 1945 - 952 pages
...will be allowed to the remainderman. In case of property held in trust, the allowable deduction is to be apportioned between the income beneficiaries and...in accordance with the pertinent provisions of the will, deed, or other instrument creating the trust, or, in the absence of such provisions, on the basis... | |
 | Philippines - 1986 - 492 pages
...shall be computed as if the life tenant were the absolute owner of the property and shall be slaved to the life tenant. In the case of property held in...apportioned between the income beneficiaries and the trustees in accordance with the pertinent provisions of the instrument creating the trust, or in the... | |
 | United States - 1928 - 268 pages
...person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of...on the basis of the trust income allocable to each. (1) Depletion. — In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 626 pages
...person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of...on the basis of the trust income allocable to each. (For percentage depletion in case of oil and gas wells, see sec. 114 (b) (3).) REPORTS ON INTERNAL... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of...beneficiaries and the trustee in accordance with the i>ertinent provisions of the instrument creating the trust, or, in the absence of such provisions,... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...be allowed to the remainderman. In the case of property held in trust, the allowable deduction is to be apportioned between the income beneficiaries and...in accordance with the pertinent provisions of the will, deed, or other instrument creating the trust, or, in the absence of such provisions, on the basis... | |
 | United States U.S. Congress. Senate. Committee on finance - 1935 - 420 pages
...person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of...on the basis of the trust income allocable to each. Our motive in suggesting this amendment rests in the conviction that greater activity of our durable-goods... | |
 | United States. Congress. Senate. Committee on Finance - 1935 - 422 pages
...person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of...on the basis of the trust income allocable to each. Our motive in suggesting this amendment rests in the conviction that greater activity of our durable-goods... | |
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