 | 1939 - 1030 pages
...remainderman. In the case of property held in trust, the allowable deduction is to be apportioned oetween the income beneficiaries and the trustee 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 - 1965 - 1110 pages
...(3) Property held in trust. In the case of property held in trust, the deduction under this section shall be apportioned between the income beneficiaries...on the basis of the trust income allocable to each. (4) Property held by estate. in the case of an estate, the deduction under this section shall be apportioned... | |
 | United States. Board of Tax Appeals - 1941 - 1356 pages
...depletion and for depreciation of Improvements, according to the peculiar conditions In each case; * * *. In the case of property held In trust the allowable deduction shall be apportioned between tbe Income beneficiaries and tlw> trustee in accordance with tbe pertinent provisions of the Instrument... | |
 | United States - 1953 - 1744 pages
...allowed to estates and trusts in the same manner and to the same extent as in the case of an individual. pt. of fiduciary under regulations prescribed by the Commissioner with the approval of the Secretary. (Added... | |
 | United States. Tax Court - 1943 - 1262 pages
...yet she was, in our opinion, entitled to the depreciation and shall be allowed to the life tenant. In the case of property held In trust the allowable...trust, or In the absence of such provisions, on the basts of the trust income allocable to each. under the Site Carol case. We there quoted the Senate... | |
 | United States, Walter Elbert Barton - 1944 - 1286 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...deduction shall be apportioned between the income beneficiarios and the trustee in accordance with the pertinent provisions of the instrument creating... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 pages
...allowed to estates and trusts in the same manner and to the same extent as in the case of an individual. The allowable deduction shall be apportioned between the income beneficiaries and the fiduciary under regulations prescribed by the Commissioner with the approval of the Secretary. Supplement... | |
 | Philippines - 1945 - 1064 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. (2) Depreciation deductible by nonresident aliens or foreign corporations.— In the case of a nonresident... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...allowed to estates and trusts in the .same manner and to the same extent as in the case of an individual. The allowable deduction shall be apportioned between the income beneficiaries and the fiduciary under regulations prescribed by the Commissioner with the approval of the Secretary. Supplement... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...allowed to estates and trusts in the same manner and to the same extent as in the case of an individual. The allowable deduction shall be apportioned between the income beneficiaries and the fiduciary under regulations prescribed by the Commissioner with the approval of the Secretary. Supplement... | |
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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,... 
