Bell v. Commissioner
United States Board of Tax Appeals
The entire consideration in cash and its equivalent paid to the respective petitioners by the remainderman, their son, for their life interests in parallel trusts they had previously created, held, taxable as ordinary income.
1Opinion of the Court
ESTATE OF F. S. BELL, DECEASED, LAIRD BELL, EXECUTOR, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
FRANCES L. BELL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bell v. Commissioner
Docket Nos. 105150, 105151.
United States Board of Tax Appeals
46 B.T.A. 484; 1942 BTA LEXIS 861;
February 27, 1942, Promulgated
The entire consideration in cash and its equivalent paid to the respective petitioners by the remainderman, their son, for their life interests in parallel trusts they had previously created, held, taxable as ordinary income.
William N. Haddad, Esq., for the…
2Cases cited3 opinions
- Bell v. CommissionerUnited States Board of Tax Appeals · 1942
- McLean v. CommissionerUnited States Board of Tax Appeals · 1940
- Parshelsky v. CommissionerUnited States Board of Tax Appeals · 1942