 | United States. Court of Claims - Law reports, digests, etc - 1945 - 952 pages
...Revenue Act of 1928 (45 Stat. 791, 838), which further provides that if such deduction is allowed, "the amount so allowed as a deduction shall be included...in computing the net income of the beneficiaries." Id. XX. (20) Where the agreed annual payments to plaintiff were guaranteed by her deceased husband's... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1954 - 918 pages
...year, which is properly gald or credited during such year to any legatee, heir, or beneficiary, ut the amount so allowed as a deduction shall be Included in computing the net income of the legatee, heir or beneficiary. 128 C. Cis. Opinion of the Court this estate was still... | |
 | Law reports, digests, etc - 1926 - 1142 pages
...taxable year which is properly paid or credited during such year to any legatee, heir, or beneficiary, but the amount so allowed as a deduction shall be included in computing the net income of the legatee, heir, or beneficiary." I therefore hold that the income here in question is,... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...214 (a) (10). (2) The amount of the income of the estate or trust for its taxable year which is to be distributed currently by the fiduciary to the beneficiaries,...to be held or distributed as the court may direct, shall be allowed as an additional deduction in computing the net income of the estate or trust. The... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...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...to be held or distributed as the court may direct ; (4) Income which, in the discretion of the fiduciary, may be either distributed to the beneficiaries... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...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...to be held or distributed as the court may direct; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...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...to be held or distributed as the court may direct; (3) Income received by estates of deceased persons during the period of administration or settlement... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...estate or trust the amount of the income of the estate or trust for its taxable year which is to be distributed currently by the fiduciary to the beneficiaries,...an infant which is to be held or distributed as the 425 court may direct, but the amount so allowed as a deduction shall be included in computing the net... | |
 | Law reports, digests, etc - 1926 - 1132 pages
...taxable year which is properly paid or credited during such year to any legatee, heir, or beneficiary, but the amount so allowed as a deduction shall be included in computing the net income of the legatee, heir, or beneficiary." I therefore hold that the income here in question is,... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 pages
...for profit ; (2) the amount of the income of the estate or trust for its taxable year which s to be distributed currently by the fiduciary to the beneficiaries,...to be held or distributed as the court may direct ; (3) in the case of income received by estates of deceased persons during the period of administration... | |
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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... 
