Nauts v. Clymer

MOORMAN, Circuit Judge.

On March 15, 1920, George H. Marsh filed his income tax return for 1919, and paid the tax shown therein to be due. He claimed and took credit in his return for a loss on the sale of certain stocks. In August of 1920 he died, and L. C. Morgan, H. L. Cohn, and O. W. Kearns were appointed the exeeutors of his will. In February of 1922 the exeeutors, having completed the administration of the estate, were discharged by order of the court which appointed them. Among the bequests which Marsh made in his will was one to his daughter, the appellee, of $300,000. On December 10,…