Irwin V. Gavit

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.