Stewart v. Commissioner, 9 T.C. 195 (1947): Taxability of Insurance Premiums and Trust Income Under Separation Agreements

August 15, 1947

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9 T.C. 195 (1947)

Payments of life insurance premiums made pursuant to a separation agreement are considered taxable income to the recipient spouse if the policies are irrevocably assigned to them, while the recipient can exclude their portion of the trust’s tax-exempt income.

Summary

This case concerns the taxability of payments made to Anita Quinby Stewart (

Full Opinion

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SCOTUS Reports

Stewart v. Commissioner, 9 T.C. 195 (1947): Taxability of Insurance Premiums and Trust Income Under Separation Agreements

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