Robert Hoe Estate Co. v. Commissioner

The question on this appeal is whether annual profits received from certain real estate are to be charged against the taxpayer as income. Robert Hoe died seised of realty, and leaving a will which made no provision for his wife’s dower. His devisees, wishing to manage the property jointly, formed a company, the taxpayer, to which they conveyed their interests; and, since they had to bar their mother in order to make a good title, they caused the company to*agree with her, in consideration of the release of her dower consummate, to pay her “annually for and during the period of her natural…