 ... there shall be allowed as an additional deduction in computing the net income of SESSION LAWS the estate or trust the amount of the income of the estate or trust for its taxable year which is properly paid or credited during such year to any legatee,...  Reports of the U.S. Board of Tax Appeals - Page 609by United States. Board of Tax Appeals - 1928Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - 1951 - 916 pages
...cases under paragraph (4) of subdivision (a) * * * the tax shall not be paid by the fiduciary, but there shall be included in computing the net income...distributable to such beneficiary, whether distributed or not * * *. The Supreme Court held that the State court's decree, made many years subsequent to the taxable... | |
 | United States. Court of Claims - 1928 - 766 pages
...exception not material here. In cases arising under paragraph (4) the fiduciary does not pay the tax, " but there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income " of the trust for the taxable... | |
 | United States. Court of Claims - 1937 - 786 pages
...shall be allowed as an additional deduction, in computing the net income of the trust, the amount of the income of the estate or trust for its taxable year which is to l>e distributed currently to the beneficiary. The gain of $44.470.9-4 involved in this case was... | |
 | United States. Court of Claims - 1948 - 886 pages
...allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for Its taxable year which is to be distributed currently by the fiduciary to the beneficiaries, and the amount of the income... | |
 | 1926 - 1144 pages
...cases under this subdivision there shall be included, as provided in subdivision (d) of this section, in computing the net income of each beneficiary, that part of the income of the estate or trust which, pursuant to the instrument or order governing the distribution, is distributable during... | |
 | 1925 - 1112 pages
...deducted the amount of any income properly paid or credited to any legatee, heir, or (d) provides that: "There shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the" net income of the estate or trust for the... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...income upon which tax is to be paid by the fiduciary, the tax shall not be paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share whether distributed or not, of the net income of the estate or trust for the... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...income upon which tax is to be paid by the fiduciary, the tax shall not be paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the... | |
 | Alabama - 1919 - 1476 pages
...income upon which tax is to be paid by the fiduciary, the tax shall not be paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share whether distributed or not, of the net income of the estate or trust for the... | |
 | Harris, Forbes & co., New York - 1919 - 164 pages
...income upon which tax is to be paid by the fiduciary, the tax shall not be paid by the fiduciary, but there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the... | |
| |
