 | 1926 - 1132 pages
...both of income of the class described in paragraph (4) of subdivision (a) of this section and other income, the net income of the estate or trust shall be computed and a return thereof made by the fiduciary in accordance with subdivision (b) aud the tax shall be... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...(relating to revocable trusts) and section 167 (relating to income for benefit of the grantor). SEC. 162. NET INCOME. The net income of the estate or trust...basis as in the case of an individual, except that— (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions... | |
 | Eric Louis Kohler - 1927 - 618 pages
...shall be computed upon the net income of the estate, or trust, and shall be paid by the fiduciary. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212, except that — (1) There shall be allowed as a deduction (in... | |
 | Charles Alison Scully - 1927 - 112 pages
...such income be taxable to the estate or trust or to the beneficiaries thereof. The net income of an estate or trust shall be computed in the same manner and on the same basis as provided in this article for individual taxpayers, except that there shall also be allowed... | |
 | United States - 1928 - 268 pages
...net income of the estate or trust, and shall be paid by the fiduciary. * * * SEC. 219 (b) * * * The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212, except that — (1) There shall be allowed as a deduction (in... | |
 | United States - 1928 - 1164 pages
...shall be computed upon the net Income of the estate or trust, and shall be paid by the fiduciary. The net Income of the estate or trust shall be computed In the same manner and on the same basis as provided in section 953 of this title, except that— "(1) There shall be allowed as... | |
 | Virginia - 1928 - 328 pages
...such income be taxable to the estate or trust or to the beneficiaries thereof. The net income of an estate or trust shall be computed in the same manner and on the same basis as provided in this chapter for individual taxpayers, except that there shall also be allowed... | |
 | United States. Internal Revenue Service - 1950 - 464 pages
...credits provided for individuals apply also to estates and trusts. Net income of an estate or trust is computed in the same manner and on the same basis as in the case of an individual, except that there is allowed as a deduction, in lieu of the deduction for contributions to charitable, religious,... | |
 | Robert Hiester Montgomery - 1927 - 592 pages
...shall be computed upon the net income of the estate or trust, and shall be paid by the fiduciary. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212, except that— (1) There shall be allowed as a deduction (in... | |
 | 1953 - 1028 pages
...a portion is distributable to beneficiaries. In general, the net income of an estate or a trust is computed in the same manner and on the same basis as in the case of individuals, except that in lieu of the deduction for contributions to charitable, religious, scientific,... | |
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INCOME. The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual... 
