United States Tax Court February 18, 1944, Docket Nos. 109138, 109273 (Gaylord v. Commissioner)

lead-opinion

Turner, Judge:

The respondent determined the following deficiencies in income tax against the petitioners for the years indicated:

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The questions presented are the correctness of the respondent’s action (1) in determining that the income for the years 1936 through 1939 of a trust created by petitioners, and of which they were trustees, was taxable to petitioners for