McConnell v. Commissioner
United States Board of Tax Appeals
The taxpayer received income from an estate under the provisions of the will of a decedent who died in 1905. Held, that the total amount of the income received was liable to income tax. Irwin v. Gavit,268 U.S. 161. Held, further, that the taxpayer is not entitled to a deduction from gross income for exhaustion by reason of the fact that her interest in the estate of the decedent was only a life interest.
1Opinion of the Court
APPEAL OF HELENE R. McCONNELL.
McConnell v. Commissioner
Docket No. 435.
United States Board of Tax Appeals
3 B.T.A. 260; 1926 BTA LEXIS 2717;
January 6, 1926, Decided Submitted May 21, 1925.
The taxpayer received income from an estate under the provisions of the will of a decedent who died in 1905. Held, that the total amount of the income received was liable to income tax. Irwin v. Gavit,268 U.S. 161. Held, further, that the taxpayer is not entitled to a deduction from gross income for exhaustion by reason of the fact that her interest in the estate of the decedent was only a life interest.
H. F.…
2Cases cited3 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Irwin v. GavitSupreme Court of the United States · 1925
- McConnell v. CommissionerUnited States Board of Tax Appeals · 1926