Bok v. Commissioner
United States Board of Tax Appeals
Where a widow elects to take under her husband's will and become beneficiary of a trust created by his will, in lieu of taking her statutory dower rights in his estate, income paid to her from such trust is taxable to her as ordinary income without regard to the value of her marital interests surrendered. Commissioner v. Butterworth,290 U.S. 365.
1Opinion of the Court
OPINION.
Black :
In this proceeding respondent has determined a deficiency of $100,974.10 against the petitioner, Mary Louise Bok, for the year 1931.
Only one error is assigned in the petition, IV (a), which reads as follows:
The Commissioner erred in adding to your petitioner’s income for the calendar year 1931 the sum of $603,378.61, dividends received by your petitioner during said year from the estate of her late husband.
The proceeding was submitted on the pleadings of the parties. The facts upon which petitioner relies in support of her assignment of error are stated in the petition as…
2Cases cited1 opinion
- Helvering v. ButterworthSupreme Court of the United States · 1933
3Cited by2 opinions
- Bok v. CommissionerUnited States Board of Tax Appeals · 1935
- Parsons v. United StatesDistrict Court, D. New Jersey · 1954