Appeal of Young

Board of Tax Appeals

Appeal of Young

3 B.T.A. 193

CourtUnited States Board of Tax Appeals

DecidedDecember 1, 1925

DocketDocket No. 3847

StatusPublished

Cited by1 cases

This text of 3 B.T.A. 193 (Appeal of Young) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Appeal of Young, 3 B.T.A. 193 (bta 1925).

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Opinion

[194]*194OPINION.

MaRqijette

: 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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[194]*194OPINION.

MaRqijette

: 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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Bluebook (online)

3 B.T.A. 193, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-young-bta-1925.

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