 | United States. Board of Tax Appeals - Taxation - 1941 - 1352 pages
...or accumulated, there shall be allowed as an additional deduction In computing the net income of the estate or trust the amount of the income of the estate...taxable year, which is properly paid or credited during guch year to any legatee, heir, or beneficiary, but the amount so allowed as a deduction shall be included... | |
 | United States - Law - 1953 - 1744 pages
...of the estate or trust for any period becomes payable, the amount of such income shall be considered income of the estate or trust for its taxable year which is paid, credited, or to be distributed to the extent of the income of the estate or trust for such period,... | |
 | United States. Board of Tax Appeals - Taxation - 1942 - 1324 pages
...fiduciary of income which, in his discretion, may be either distributed or accumulated and which is by him "properly paid or credited during such year" to any legatee, heir, or beneficiary. The amounts allowable as deductions to the fiduciary under this section are likewise taxable to the... | |
 | United States. Court of Claims - Law reports, digests, etc - 1943 - 908 pages
...additional deduction in computing the net income of the * * * trust the amount of the income of the * * * trust for its taxable. year, which is properly paid or credited during such year to any * * * beneficiary, but the amount so allowed as a deduction shall be included in computing the net... | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...Sec. 162. (b) There shall be allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for its taxable year which is to be distributed currently by the fiduciary to the beneficiaries, and the amount of the income collected... | |
 | Philippines - Administrative law - 1945 - 1064 pages
...individual, except that — (a) There shall be allowed as a deduction in computing the net incoine of the estate or trust the amount of the income of the estate or trust for its taxable year which is to be distributed currently by the fiduciary to the beneficiaries, and the amount of the income collected... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...for profit; (b) There shall be allowed as an additional deduction in conputing the net income of the estate or trust the amount of the income of the estate or trust for its taxable year which is to be distributed currently by the fiduciary to the legatees, heirs, or beneficiaries, but the amount... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 428 pages
..."beneficiary". (b) There shall be allowed as an additional deduction in conputing the net income of the estate or trust the amount of the income of the estate or trust for its taxable year which is to be distributed currently by the fiduciary to the legatees, heirs, or beneficiaries, but the amount... | |
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There shall be allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for Its taxable year which is to be distributed currently... 
