Estate of Schmidt v. Commissioner

Estate of Luke B. Schmidt, Irene B. Schmidt, as Executrix v. Commissioner.

Estate of Schmidt v. Commissioner

Docket No. 1765.

United States Tax Court

1944 Tax Ct. Memo LEXIS 267; 3 T.C.M. (CCH) 412; T.C.M. (RIA) 44139;

May 3, 1944

John K. Skaggs, Jr., Esq., for the petitioner. Cecil H. Haas, Esq., for the respondent.

HARRON

Memorandum Opinion

HARRON, Judge: The respondent determined a deficiency of $5,449.66 in income tax for the year 1939. One of the adjustments is not disputed. The only issue is whether the income of two trusts created by decedent for the benefit of his two minor children was…