In re the Estate of Inman

Joseph A. Cox, S.

The will of this testator creates a marital deduction trust for the benefit of his widow and a residuary trust for the benefit of his son. The trustees of the widow’s trust are authorized to invade the principal for her benefit and she is granted a general power of appointment. The will was admitted to probate in 1954 and when the executors prepared the Federal income tax returns of the estate for the years 1954 and 1955 they elected to report certain administration expenses as deductions for income tax purposes rather than to utilize the same expenses as deductions in the…