In the case of property held by one person for life with remainder to another person, the deduction shall be computed as 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... Federal Income, Estate and Gift Tax Laws, Correlated - Page 80by United States, Walter Elbert Barton - 1944 - 1242 pagesFull view - About this book
| United States. Congress. Senate. Committee on Banking and Currency - 1949 - 120 pages
...be considered gain recognized and taxable as ordinary income. "(f) LIFE TENANT AND REMAINDERMAN. — In the case of property held by one person for life...were the absolute owner of the property and shall be allowable to the life tenant." (b) The amendment made by subsection (a) shall be effective with respect... | |
| 1970 - 750 pages
...allowable, on account of such month, under section 167 or this paragraph). (h) Life tenant and remainderman. In the case of property held by one person for life...were the absolute owner of the property and shall be allowable to the life tenant. (1) Termination. No certificate under subsection (e) shall be made with... | |
| 1966 - 658 pages
...estates. Sec. 167. Depreciation. • • » (h) Life tenants and beneficiaries of trusts and estates. In the case of property held by one person for life...were the absolute owner of the property and shall be § 1.167(h)-1 allowed to the life tenant. In the case of property held In trust, the allowable deduction... | |
| United States. Congress. Senate. Committee on Interior and Insular Affairs - 1951 - 232 pages
...account of such month, under section 23 (1) or this paragraph). "(h) LIFE TENANT AND REMAINDERMAN. — In the case of property held by one person for life...were the absolute owner of the property and shall be allowable to the life tenant. "(i) CROSS REFERENCE. For special rule with respect to gain derived from... | |
| United States. Congress. House. Expenditures in the Executive departments Committee - 1951 - 418 pages
...account of such month, under section 23 (1) or this paragraph), "(h) LIFE TENANT AND REMAINDERMAN. — In the case of property held by one person for life...were the absolute owner of the property and shall be allowable to the life tenant. "(i) CROSS REFERENCE. — For special rule with respect to gain derived... | |
| United States. Internal Revenue Service - 1964 - 744 pages
...ESTATES. SEC. 167. DEPRECIATION. » » * (h) LIFE TENANTS AND BENEFICIARIES OF TRUSTS AND ESTATES. — In the case of property held by one person for life...te'nant. In the case of property held in trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance... | |
| United States. Tax Court - 1954 - 1284 pages
...(1) of property used In the trade or business, or (2) of property held for the production of Income. In the case of property held by one person for life...tenant. In the case of property held In trust the allowable deduction shall be apportioned between the Income beneficiaries and the trustee In accordance... | |
| United States. Congress. Senate. Committee on Banking and Currency - 1954 - 958 pages
...deduction were an amount equal to the amount of such excess. '"(t) LIFE TENANT AND REMAINDERMAN. — In the case of property held by one person for life...were the absolute owner of the property and shall be allowable to the life tenant. "'(g) CROSS REFERENCE. — For special rule with res]>ect to gain derived... | |
| United States. Congress. Senate. Committee on the Judiciary - 1957 - 1324 pages
...on account of such mouth, under section 107 or this paragraph), (h) LIFE TKNANT AND REMAINDERMAN.— In the case of property held by one person for life...were the absolute owner of the property and shall be allowable to the life tenant, (i) CROSS REFERENCE. — For special rule with respect to gain derived... | |
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