 ... 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 properly paid or credited during such year to any legatee, heir, or...  Reports of the U.S. Board of Tax Appeals - Page 709by United States. Board of Tax Appeals - 1934Full view - About this book
 | CCH Incorporated, CCH Tax Law Editors - 2008 - 1632 pages
...income accumulated or held for future distribution under the terms of the will 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 is to be held or distributed as the court may direct;... | |
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