 | United States. Court of Claims, Audrey Bernhardt - 1954 - 918 էջ
...beneficiary or accumulated, 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 gald or credited during such year to any legatee, heir, or beneficiary, ut the amount so allowed... | |
 | United States. Court of Claims - 1937 - 786 էջ
...individual, except that there shall be allowed as an additional deduction, in computing the net income of the trust, the amount of the income of the estate or trust for its taxable year which is to l>e distributed currently to the beneficiary. The gain of $44.470.9-4 involved in this case was derived... | |
 | United States. Court of Claims, Audrey Bernhardt - 1949 - 832 էջ
...Higginson was improperly increased in the amount of $1,059.54. This amount was neither "income of the * * * trust for its taxable year which is to be distributed currently by the fiduciary to the beneficiaries" under Internal Revenue Code, § 162 (b), nor "income of the * * * trust for its taxable year which... | |
 | United States. Court of Claims - 1945 - 952 էջ
...Opinion of the Court Mrs. Tree and Marshall Field III, gave their payments the character of "income which is to be distributed currently by the fiduciary to the beneficiaries," and hence not taxable to the trustees under section 162 (b) of the Revenue Act of 1928 (45 Stat. 791, 838.)... | |
 | 1926 - 1144 էջ
...beneficiary or accumulated, 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 beneficiary, but the amount so... | |
 | United States. Internal Revenue Service - 1924 - 396 էջ
...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... | |
 | John F. Sherwood - 1925 - 206 էջ
...beneficiary or accumulated, 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 beneficiary, but the amount so... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 էջ
...beneficiary or accumulated, 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 beneficiary, but the amount so... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 էջ
...operated for profit; (2) 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 SEC. 219. (b) The fiduciary shall be responsible for making the return of income for the estate or... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 էջ
...beneficiary or accumulated, 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 beneficiary, but the amount so... | |
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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... 
