Appeal of Young
3 B.T.A. 193
United States Board of Tax Appeals·Decided December 1, 1925·No. Docket No. 3847·Published·Cited by 1 cases
Opinion
[194] OPINION.
: That the New York transfer tax, paid during 1923r is deductible from the gross income of the estate for that period was-decided in Appeal of Farmers Loan & Trust Co., 3 B. T. A. 97; Appeal of Edgar Munson, 3 B. T. A. 185; and Appeal of Joanna Lovett, 3 B. T. A. 192. Upon the authority of those decisions the deficiency must be disallowed.
Since the deduction of $800,000 exceeds the entire net income of the estate for the period in 1923, it is unnecessary for us to decide-the other questions presented for our consideration.
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Appeal of Young, 3 B.T.A. 193 (bta 1925).
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Related
Young v. Commissioner
3 B.T.A. 193 (Board of Tax Appeals, 1925)