Jackson v. Commissioner
United States Board of Tax Appeals
A charitable bequest of a specific sum payable in annual installments is not an annuity. The gross amount thereof is deductible from the gross estate in determining the value of the net estate subject to the estate tax.
1Opinion of the Court
APPEAL OF ESTATE OF MINNIE L. JACKSON.
Jackson v. Commissioner
Docket No. 4219.
United States Board of Tax Appeals
3 B.T.A. 832; 1926 BTA LEXIS 2563;
February 17, 1926, Decided Submitted November 20, 1925.
A charitable bequest of a specific sum payable in annual installments is not an annuity. The gross amount thereof is deductible from the gross estate in determining the value of the net estate subject to the estate tax.
Bynum E. Hinton, Esq., for the taxpayer.
John F. Greaney, Esq., for the Commissioner.
MORRIS
Before MARQUETTE, MORRIS, GREEN, and LOVE.
This is an appeal from the determination of a…
2Cases cited1 opinion
- Appeal of Estate of JacksonUnited States Board of Tax Appeals · 1926