Case law

Security First Nat'l Bank v. Commissioner

28 B.T.A. 289 · United States Board of Tax Appeals · Jun 6, 1933

Huntington for each period the income of the trust which the latter had established for the Henry E. Huntington Library and Art Gallery. 2. … The law of trusts is well established. The creator of a trust parts with legal title to the trust property. He does not have legal title to any property acquired by the trust.

Guggenheim v. Commissioner

39 B.T.A. 251 · United States Board of Tax Appeals · Feb 2, 1939

Petitioner is the duly appointed and qualified executrix of his estate. 2. … Market value is primarily a question of fact and all evidence tending to establish it should be considered.