Case Name: Appeal of THE FARMERS' LOAN & TRUST CO. and ISABELLE W. TILFORD, Executors, Estate of HENRY MORGAN TILFORD, Deceased
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-02-18
Citations: 3 B.T.A. 884
Docket Number: Docket No. 3286
Parties: Appeal of THE FARMERS’ LOAN & TRUST CO. and ISABELLE W. TILFORD, Executors, Estate of HENRY MORGAN TILFORD, Deceased.
Judges: Before Smith:, James, Littleton, and TRttssell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 3
Pages: 884–885

Head Matter:
Appeal of THE FARMERS’ LOAN & TRUST CO. and ISABELLE W. TILFORD, Executors, Estate of HENRY MORGAN TILFORD, Deceased.
Docket No. 3286.
Submitted July 3, 1925.
Decided February 18, 1926.
Russell L. Bradford, Esq., for the taxpayer.
E. G. Lake, Esq., for the Commissioner.
Before Smith:, James, Littleton, and TRttssell.

Opinion:
OPINION.
Smith
: The asserted deficiency in this appeal rests entirely upon the. claim of the Commissioner that the New York State transfer tax is not an allowable deduction from gross income. Both the courts amd the Board have held otherwise. Keith v. Johnson, 3 Fed. (2d) 361; Farmers' Loan & Trust Co. v. United States, 9 Fed. (2d) 688; Appeal of Edgar Munson, 3 B. T. A. 185; Appeal of Farmers Loan & Trust Co., 3 B. T. A. 97.