Memorandum Findings of Fact and Opinion
OPPER, Judge:
This proceeding involves deficiencies in income tax for the calendar years 1954, 1955 and 1956 in the respective amounts of $1,779.18, $1,850.63 and $1,756.03. The question presented is whether petitioner in computing its taxable income may deduct, as trustee, net income of a trust currently distributed to the beneficiaries.
Findings of Fact
All of the facts have been stipulated by the...
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