United States Tax Court December 12, 1958, Docket Nos. 61844, 61845 (Fry v. Commissioner)

lead-opinion

OPINION.

Tietjens, Judge:

The Commissioner determined the following deficiencies in income tax:

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The sole question for decision is whether petitioners, the sole re-maindermen of a trust estate consisting of stock in a corporation, who purchased intervening life interests in the estate are entitled to recover their cost through amortization over the terms of the life