Tags: Case, Legal Case, Supreme Court Of The United States Case, Unit Of Work.
Irwin v. Gavit 268 U.S. 161 (1925) 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.↑