BREWSTER v. GAGE

No. 61.

280 U.S. 327 (1930)

BREWSTER v. GAGE, COLLECTOR OF INTERNAL REVENUE.

Supreme Court of United States.

Decided January 6, 1930.


Attorney(s) appearing for the Case

Messrs. John W. Davis and J. Sawyer Fitch, with whom Messrs. A. Broomfield and Charles Wright, Jr., were on the brief, for petitioner.

Solicitor General Hughes, with whom Assistant Attorney General Youngquist, and Messrs. Sewall Key, Randolph C. Shaw, Clarence M. Charest, and W.H. Trigg were on the brief, for respondent.


MR. JUSTICE BUTLER delivered the opinion of the Court.

Petitioner's father died testate May 20, 1918. The surrogate's court at Rochester, New York, entered a final decree April 19, 1920, pursuant to which certain stocks were distributed to the petitioner as one of the residuary legatees. He sold some of them in 1920, 1921 and 1922. For his income tax returns, he computed profit or...

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