Huggett v. Burnet

MARTIN, Chief Justice.

This appeal involves deficiencies of income taxes for the calendar years 1925 and 1920. Appellant and his wife filed joint returns for those years. The income involved in this proceeding is that of the wife.

The wife’s grandmother, Margaret H. Eaton, a resident of Pennsylvania, died testate on December 22, 1912, and her last will and testament was admitted to probate and her estate was administered in Pennsylvania. At the time of her death she was the owner of various corporate stocks and bonds, among which were certain shares of Oil Well Supply Company stock. The…