Estate of Davison v. United States

This is a suit for the refund of Federal income taxes which were paid by the estate of Helen Davison for the years 1953 and 1951. The case concerns certain cash rents which were based on the proceeds of crop production on decedent’s land and certain other rents payable in crops which were attributable to leases that ran during the year 1952. On the date of decedent’s death the amounts of these rents were not ascertained. Thereafter, the estate collected both rents in full and sold the crop-rents for money. The questions presented are whether the rents received in money and the rents received…