Ward v. Commissioner

*356OPINION.

Lansdon :

Two items of income are affected by the assignments of error under consideration here. The first is a balance in rent payable to the decedent through the bank, and the other is made up of sums paid direct under a written contract with decedent for easement rights. It is the contention of the petitioners that in each case the decedent, by his assignment, completely divested himself of all property rights and interests in and to the several sums paid under these contracts to his assignees, so that when paid they constituted income to such assignees and not to decedent. In…