Copeland v. Commissioner
United States Tax Court
Gross Income -- Bequest -- Annuity -- Payable at Intervals -- Income from Property -- Section 22 (b) (3). -- An annuity payable quarterly and actually paid entirely out of income from property of the testamentary trust is taxable to the beneficiary under section 22 (b) (3), I. R. C.
1Opinion of the Court
Raye E. Copeland, Petitioner, v. Commissioner of Internal Revenue, Respondent
Copeland v. Commissioner
Docket No. 18233
United States Tax Court
12 T.C. 1020; 1949 U.S. Tax Ct. LEXIS 170;
June 9, 1949, Promulgated
Decision will be entered for the respondent.
Gross Income -- Bequest -- Annuity -- Payable at Intervals -- Income from Property -- Section 22 (b) (3). -- An annuity payable quarterly and actually paid entirely out of income from property of the testamentary trust is taxable to the beneficiary under section 22 (b) (3), I. R. C.
D. Hays Solis-Cohen, Esq., for the petitioner.
John A. Newton,…
2Cases cited2 opinions
- Townsend v. CommissionerUnited States Tax Court · 1949
- Copeland v. CommissionerUnited States Tax Court · 1949