Union Trust Co. v. Commissioner

HICKS, Circuit Judge.

These eases were heard together. In No. 5771, petitioner as trustee for “Valley Ridge Farm” trust seeks a review of a decision of the Board of Tax Appeals affirming the action of the Commissioner of Internal Revenue in assessing on redetermination a deficiency of $1,025.77 in income taxes for 1922.

On October 13, 1921, J. H. Wade, under the terms of a trust agreement, conveyed to petitioner as trustee certain premises situated in Cuyahoga and Geauga counties, Ohio, styled “Valley Ridge Farm,” and assigned to petitioner as part of the trust estate certain income-producing…