These proceedings, consolidated for hearing, involve income taxes for the calendar years 1937 and 1938, respectively. The Commissioner determined deficiencies in the amount of $886.01 for 1937 and $476.68 for 1938.
The principal issue is whether the petitioner was entitled to deduct depreciation for the taxable years in respect of certain improved real estate held as part of the corpus of a trust of which she was the sole life beneficiary. By amendment to his answers...
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