Wolf v. Commissioner
United States Board of Tax Appeals
Interest on an undistributed pecuniary legacy, paid out of income of the estate to a legatee widow pursuant to section 21, Pennsylvania Fiduciaries' Act of 1917, held, income taxable to the recipient and not a tax free bequest or allowance for maintenance and support.
1Opinion of the Court
MINNIE L. WOLF, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Wolf v. Commissioner
Docket No. 74670.
United States Board of Tax Appeals
32 B.T.A. 959; 1935 BTA LEXIS 864;
July 17, 1935, promulgated
Interest on an undistributed pecuniary legacy, paid out of income of the estate to a legatee widow pursuant to section 21, Pennsylvania Fiduciaries' Act of 1917, held, income taxable to the recipient and not a tax free bequest or allowance for maintenance and support.
D. Benjamin Kresch, Esq., for the petitioner.
Dean P. Kimball, Esq,, for the respondent.
STERNHAGEN
OPINION.
STERNHAGEN: The…
2Cases cited1 opinion
- Wolf v. CommissionerUnited States Board of Tax Appeals · 1935