Fowler v. Commissioner
United States Board of Tax Appeals
Petitioner, a beneficiary under a testamentary trust, held not entitled to deductions for depletion on account of the removal of ore from property forming a part of the corpus of the trust. Fleming v. Commissioner,6 B.T.A. 900, followed.
1Opinion of the Court
*274OPINION.
Aeundell:
We have adopted as our findings of fact all of the agreed statement of facts submitted by the parties except two paragraphs thereof which incorporate by reference the will of Eldridge M. Fowler in its entirety and the lease to the Minnesota Iron Co., which is referred to in the findings of fact as the consolidated lease. The pertinent parts of the will are set forth and the material provisions of the lease are sufficiently described in the findings that we deem it unnecessary to set out these documents in full.
This proceeding raises the same question as we had for…
2Cited by1 opinion
- Fowler v. CommissionerUnited States Board of Tax Appeals · 1928