Munson v. Commissioner
United States Board of Tax Appeals
The New York State transfer tax paid by the executor of the estate of a decedent is a legal deduction from gross income in the income-tax return filed for the decedent's estate in the process of settlement for the year in which such tax was paid, under the provisions of section 214(a)(3) of the Revenue Act of 1918.
1Opinion of the Court
OPINION.
Smith: This appeal raises the single question of the right of an estate in the process of settlement in 1920 to deduct from the gross income shown in an income-tax return of the estate for 1920 the New York transfer tax paid by the executor during the year. In accordance with the provisions of section 219 of the Revenue Act of 1918, the executor of the estate of Harriet A. Curtis, deceased, filed an income-tax return of the income of the estate for which he was acting for the calendar year 1920 and deducted from *186the gross income $33,611.45, which is the amount of the New York transfer…
2Cases cited14 opinions
- Knowlton v. MooreSupreme Court of the United States · 1900
- New York Trust Co. v. EisnerSupreme Court of the United States · 1921
- Cudahy Packing Co. Of Nebraska v. ParramoreSupreme Court of the United States · 1924
- United States v. PerkinsSupreme Court of the United States · 1896
- Des Moines National Bank v. FairweatherSupreme Court of the United States · 1923
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3Cited by1 opinion
- Munson v. CommissionerUnited States Board of Tax Appeals · 1925