Jackson v. Commissioner
United States Board of Tax Appeals
1. Where a decedent by her last will and testament directed that her executor hold together her residuary estate for a long period of years and gave him authority and power to sell any part of the estate as he should deem best, to reinvest the proceeds, and to pay the income to certain charitable institutions for such period of years and upon a certain date to distribute the estate to named beneficiaries, the administration expenses deductible from the gross estate do not…
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1. Where a decedent by her last will and testament directed that her executor hold together her residuary estate for a long period of years and gave him authority and power to sell any part of the estate as he should deem best, to reinvest the proceeds, and to pay the income to certain charitable institutions for such period of years and upon a certain date to distribute the estate to named beneficiaries, the administration expenses deductible from the gross estate do not include fees paid to the executor for the management of the estate when in effect acting as trustee. 2. The decedent…
1Opinion of the Court
MARION M. JACKSON, EXECUTOR, ESTATE OF MARY V. EAGAN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Jackson v. Commissioner
Docket No. 29452.
United States Board of Tax Appeals
18 B.T.A. 875; 1930 BTA LEXIS 2578;
January 20, 1930, Promulgated
1. Where a decedent by her last will and testament directed that her executor hold together her residuary estate for a long period of years and gave him authority and power to sell any part of the estate as he should deem best, to reinvest the proceeds, and to pay the income to certain charitable institutions for such period of years and upon a…
2Cases cited10 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Irwin v. GavitSupreme Court of the United States · 1925
- Humes v. United StatesSupreme Court of the United States · 1928
- Close v. Farmers' Loan & Trust Co.New York Court of Appeals · 1909
- Lamar v. LamarSupreme Court of Georgia · 1903
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