Frank Murphy

“ The amount received by petitioner for cancellation of the lease must be included in his gross income in its entirety. Section 22 (a) , copied in the margin, [1] expressly defines gross income to include 'gains, profits, and income derived from * * * rent, * * * or gains or profits and income from any source whatever'. Plainly this definition reached the rent paid prior to cancellation just as it would have embraced subsequent payments if the lease had never been canceled. ”

“ No loss shall be allowed as a deduction under this paragraph if at the time of the filing of the return such loss has been claimed as a deduction for estate tax purposes in the estate tax return.'
This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105) . ”