United States Tax Court October 22, 1953, Docket No. 33780 (Strauss v. Commissioner)

lead-opinion

OPINION.

Rice, Judge:

The petitioner starts her argument by a concession. She admits that she must include in gross income interest payments from the insurance companies on that portion of the total principal which she could have withdrawn, had she wished to exercise her privilege to make 3 per cent annual withdrawals.