JONES v. HASSETT

Nos. 954, 955.

45 F.Supp. 195 (1942)

JONES v. HASSETT, Collector of Internal Revenue (two cases).

District Court, D. Massachusetts.

May 26, 1942.


Attorney(s) appearing for the Case

Charles M. Rogerson and Roger W. Hardy, both of Boston, Mass., for plaintiff.

Lyle M. Turner, of Washington, D. C., and George F. Garrity, of Boston, Mass., for defendant.


WYZANSKI, District Judge.

This case presents what must be an ever-recurring question in fiduciary accounting under the federal income tax law: may testamentary trustees of the residue of an estate in their fiduciary federal income tax return deduct interest they paid on account of the testator's federal estate tax?

Charles H. Jones, the testator, named the same persons as executors of his will and as trustees of the residue of his estate. In 1936 they as executors...

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