Estate of Kiser v. Commissioner

OPINION.

ARNOLD, Judge:

As the result of a decree of the Superior Court of Fulton County, Georgia, entered December 17, 1936, in a partition proceeding, William H. Kiser, owner of an undivided half interest in the property, was allotted property with a valuation in excess of his half share. Of the part he was allotted in excess of this half interest, the respondent determined that William received $54,186.06 representing interest due him from his deceased brother’s estate and $33,489.48 as commissions or fees earned as executor and trustee of his brother’s estate and included those amounts in…