Irwin v. Gavit
Case Date: 05/04/2025
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Irwin v. Gavit, 268 U.S. 161 (1925),[1] was a case before the U.S. Supreme Court regarding the taxability, under United States tax law, of a divided interest in a bequest. It is notable (and thus appears frequently in law school casebooks) for the following holding:
A bequest of income from property held in trust is taxable, even where the bequest of the entire corpus of the trust would be excluded as a gift.
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