 | 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,... | |
 | Robert Hiester Montgomery - 1923 - 1760 pages
...others are not, the fiduciary in every case is required to make a return of income The net income of an estate or trust shall be computed in the same manner and on the same basis as the net income of an individual, except that in place of the deduction allowed individuals... | |
 | United States. Board of Tax Appeals - 1930 - 1460 pages
...make a return of income. See section 225 of the statute and articles 421-425. The net income of an estate or trust shall be computed in the same manner and on the same basis as the net income of an individual, except that in place of the deduction allowed individuals... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...167 (relating to income for benefit of the grantor). For return made by beneficiary, see section 143. SEC. 162. NET INCOME. The net income of the estate...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... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...167 (relating to income for benefit of the grantor). For return made by beneficiary, see section 142. SEC. 162. NET INCOME. The net income of the estate...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... | |
 | United States. Supreme Court - 1934 - 816 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 — . . . Opinion of the Court. 290 US which lay... | |
 | United States. Board of Tax Appeals - 1934 - 1646 pages
...the executor shall be responsible for making the return of income for the estate, the net income to be computed in the same manner and on the same basis as in the case of individuals, with an exception not here material. We think it clear that the death of Burroughs put... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...businesses, see section 45. SEC. 183. COMPUTATION OF PARTNERSHIP INCOME. The net income of the partnership shall be computed in the same manner and on the same basis as in the case of an individual. ART. 183-1. Computation of partnership income. — The net income of the partnership shall be computed... | |
 | 1973 - 476 pages
...such share. (d) Computation of common trust fund income. The taxable income of a common trust fund shall be computed in the same manner and on the same...basis as in the case of an individual, except that — (1) There shall be segregated the gains and losses from sales or exchanges of capital assets; (2)... | |
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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... 
