Wade v. Commissioner
United States Board of Tax Appeals
Certain indebtedness of the decedent to educational institutions paid by his executors, held to be legal deductions from the value of the gross estate.
1Opinion of the Court
*343OPINION.
Smith: The only question for our determination in this proceeding is whether certain payments made by the executors of the decedent’s will on account of pledges made by the decedent during his lifetime, including interest thereon, are deductible from the value of the gross estate. The payments in controversy are as follows:
The Cleveland Museum of Art- $400, 000. 00
The Cleveland Museum of Art (interest)_ 10,334.34
The Cleveland Museum of Art (improvement of Wade Park)_ 11, 500. 00
The Cleveland Museum of Natural History!- 20, 000. 00
The Cleveland College of Western Reserve University_ •…
2Cases cited1 opinion
- Ferguson v. DicksonCourt of Appeals for the Third Circuit · 1924
3Cited by12 opinions
- Commissioner of Internal Revenue v. PorterCourt of Appeals for the Second Circuit · 1937
- Commissioner of Internal Revenue v. Bryn Mawr Trust Co.Court of Appeals for the Third Circuit · 1936
- Turner v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1936
- Beringer v. CommissionerUnited States Board of Tax Appeals · 1933
- Estate of Scofield v. CommissionerUnited States Tax Court · 1980
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