 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1136 pages
...estate or trust the amount of the income of the estate or trust for its taxable year which is to l>p distributed currently by the fiduciary to the beneficiaries,...distributed as the court may direct, but the amount so allowed as a deduction shall be included in computing the net income of the beneficiaries whether... | |
 | United States. Tax Court - 1950 - 1534 pages
...the case of an Individual, except that — • • • * * • • (b) There shall be allowed ns nn additional deduction In computing the net Income of...to be distributed currently by the fiduciary to the legatees, heirs, or beneficiaries, but the amount so allowed a« a deduction shall be Included In computing... | |
 | United States. Tax Court - 1951 - 1050 pages
...an additional deduction in computing the net Income of the estate or trust the amount of the ^flcome of the estate or trust for its taxable year which...distributed as the court may direct, but the amount so allowed as a deduction sKall be included in computing the net Income of the beneficiaries whether... | |
 | United States. Internal Revenue Service - 1954 - 1182 pages
...computed in the same manner and on the same basis as in the case of an individual, except that — (b) There shall be allowed as an additional deduction...to be distributed currently by the fiduciary to the legatees, heirs, or beneficiaries, but the amount so allowed as a deduction shall be included in computing... | |
 | United States. Tax Court - 1959 - 1608 pages
...the taxable year in which the income had been received. Any demand for payment by MacCloskey would 'Sec. 162 (b). There shall be allowed as an additional...to be distributed currently by the fiduciary to the legatees, heirs, or beneficiaries, but the amount so allowed as a deduction shall be Included In computing... | |
 | United States. Tax Court - 1947 - 1354 pages
...manner and on the same basis as In the case of an Individual, except that — • •*•••• (b) There shall be allowed as an additional deduction...distributed as the court may direct, but the amount so allowed as a deduction shall be Included In computing the net Income of the beneficiaries whether... | |
 | United States. Tax Court - 1951 - 1074 pages
...manner and on the •tme basis as In the case of an Individual, except that — • •••••• (b) There shall be allowed as an additional deduction...currently by the fiduciary to the beneficiaries, and the nmount of the Income collected by a guardian of an Infant which is to be held or distributee: as the... | |
 | United States. Tax Court - 1945 - 1364 pages
...manner and on the lame basis as In the case of an individual, except that — • ••*•• • (b) There shall be allowed as an additional deduction...taxable year which is to be distributed currently by tlie fiduciary to the beneficiaries, and the amount of the income collected by a guardian of an Infant... | |
 | United States - 1939 - 780 pages
...establishment, acquisition, maintenance or operation of a public cemetery not operated for profit ; (b) There shall be allowed as an additional deduction...distributed as the court may direct, but the amount so allowed as a deduction shall be included in computing the net income of the beneficiaries whether... | |
 | 1939 - 1420 pages
...computed in the same manner and on the same basis as in the case of an individual, except that — (1 ) there shall be allowed as an additional deduction...distributed as the court may direct, but the amount so allowed as a deduction shall be included in computing the net income of the beneficiaries whether... | |
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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 currently... 
