| United States. Board of Tax Appeals - 1936 - 1468 pages
...between the lessor and lessee. * * * In the case of property held in trust the allowable deduction shnll be apportioned between the income beneficiaries and...on the basis of the trust income allocable to each. * * • Section 42 provides: The amount of all items of gross income shall be included in the gross... | |
| United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable...provisions of the instrument creating the trust, or, in tbe absence of such provisions, on the basis of the trust income allocable to each. (m) DEPLETION.... | |
| United States. Internal Revenue Service - 1936 - 604 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 - 1939 - 780 pages
...if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable...on the basis of the trust income allocable to each. (m) DEPLETION. — In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable... | |
| United States. Board of Tax Appeals - 1937 - 1380 pages
...if the life tenant were the absolute owner of the property and shall lie nllowed to the life tenant. In the case of property held in trust the allowable...provisions of the instrument creating the trust, or, in the absenra of such provisions, on the basis of tlie trust income allocable to each. •SEC. III. DETERMINATION... | |
| United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable...provisions, on the basis of the trust income allocable 31 to each. (For percentage depletion allowable under this subsection, see section 114 (b), (3) and... | |
| United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable...or, in the absence of such provisions, on the basis or the trust income allocable to each. (For percentage depletion allowable under this subsection, see... | |
| United States. Board of Tax Appeals - 1939 - 1380 pages
...1934. Both provide : In the case of property held in trust the allowable deduction [for depreciation] shall be apportioned between the Income beneficiaries...on the basis of the trust income allocable to each. The instrument creating the trust in this case contains no provision for apportionment of deductions... | |
| 1941 - 1688 pages
...be allowed to the remainderman. In the case of property held in trust, the allowable deduction is to 296 in the case of a deficiency In a tax Imposed bv...chapter. § 19.274-1 Bankruptcy and receivership proceedi will, deed, or other instrument creating the trust, or, in the absence of such provisions, on the basis... | |
| 1940 - 1806 pages
...be allowed to the remainderman. In the case of property held in trust, the allowable deduction is to y" will, deed, or other instrument creating the trust, or, in the absence of such provisions, on the basis... | |
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