 In the case of an individual, except that — ******* (b) There shall be 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...  Reports of the Tax Court of the United States - Page 257by United States. Tax Court - 1945Full view - About this book
 | United States. Congress. House. Committee on Rules - 1932 - 126 pages
...taxpayer apart from ita grantor or its beneficiaries. Section 162 of the revenue act of 1928 states : amount so allowed as a deduction shall be Included In computing the net income of the legatee, heir, or beneficiary." Under section 143 of the 1928 act and similar section... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...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...to be held or distributed as the court may direct, shall be allowed as an additional deduction in computing the net income of the estate or trust. The... | |
 | United States. Board of Tax Appeals - 1934 - 1646 pages
...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...beneficiaries whether distributed to them or not. * * * (c) In the case of income received by estates of deceased persons during the period of administration... | |
 | United States. Supreme Court - 1934 - 816 pages
...— . . . (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distributed as the court may direct; . . . (b) Except as otherwise provided in subdivisions (g) and (h), the tax shall be computed upon... | |
 | United States. Board of Tax Appeals - 1934 - 1508 pages
...be distributed currently by the fiduciary to the beneficiaries, and Income collected by a guardinn of an infant which is to be held or distributed as the court may direct ; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...trust ; (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distributed as the court may direct ; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...or trust; (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distributed as the court may direct; ( 3 ) Income received by estates of deceased persons during the period of administration or settlement... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...or trust; (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distribute'd as the court may direct ; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...trust ; (2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which...to be held or distributed as the court may direct; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
 | United States - 1939 - 780 pages
...taxable year, which is properly paid or credited during such year to any legatee, heir, or beneficiary, but the amount so allowed as a deduction shall be included in computing the net income of the legatee, heir, or beneficiary. SEC. 163. CREDITS AGAINST NET INCOME. (a) CREDITS OF ESTATE... | |
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