Fleming v. Commissioner
United States Board of Tax Appeals
1. Distributions made to petitioners as beneficiaries under trusts, the income of which consisted of royalties from mining properties, held to be income and taxable to the life beneficiaries. 2. Beneficiaries under the trusts held not entitled to depletion on account of removal of ore from properties forming a part of the corpus of the trusts.
1Opinion of the Court
ARTHUR H. FLEMING, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MARJORIE FLEMING LLOYD-SMITH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Fleming v. Commissioner
Docket Nos. 4502, 7017, 4449, 7103.
United States Board of Tax Appeals
6 B.T.A. 900; 1927 BTA LEXIS 3377;
April 19, 1927, Promulgated
1. Distributions made to petitioners as beneficiaries under trusts, the income of which consisted of royalties from mining properties, held to be income and taxable to the life beneficiaries.
2. Beneficiaries under the trusts held not entitled to depletion on account of removal…
2Cases cited24 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Irwin v. GavitSupreme Court of the United States · 1925
- Von Baumbach v. Sargent Land Co.Supreme Court of the United States · 1917
- Stratton's Independence, Ltd. v. HowbertSupreme Court of the United States · 1913
- Merchants' Loan & Trust Co. v. SmietankaSupreme Court of the United States · 1921
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