Respondent determined a deficiency in income tax in the amount of $26,690.51 for the period January 1, 1945, to November 15, 1945.
The principal question for decision is whether respondent properly included in income for the above period certain sums consisting of cash and proportionate interests in bonds and mortgages which were part of the proceeds of a mortgage-salvage operation conducted by a trust of which decedent was the income beneficiary.
Petitioner...
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