Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency of $4,443.70 in the petitioner's income tax for the year 1940.
The only issue presented is whether or not that part of a final distribution of an estate representing income earned by the corpus in the year distributed is taxable to the sole legatee.
Findings of Fact
The facts were stipulated and as so stipulated are adopted as findings of fact. In so far as...
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