United States Tax Court December 7, 1987, Docket No. 40380-84 (Van Buren v. Commissioner)

lead-opinion

OPINION

Korner, Judge:

Respondent determined a deficiency of $15,316.07 in petitioner’s 1981 Federal income tax. The issue for our determination is whether the character (as between taxable and tax-exempt income) of amounts reportable by the beneficiary of a simple trust is determined solely by the trust’s internally generated income, or whether the character of amounts received by