 | New York (State) - 1935 - 1272 pages
...than its face settlement value or distributed, transmitted, sold, or otherwise disposed of, ^an^ftTce gain or loss shall result to the extent of the difference between the Talue> basis of the obligation and (1) in the case of satisfaction at other than face value or... | |
 | United States. Court of Claims - 1936 - 940 pages
...be returnable were the obligation satisfied in full." Art. 355 of Regulations 74 provides that " If an installment obligation is satisfied at other than its face value or is sold or exchanged, gain or loss results to the extent of the difference between (1) the excess of... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...have no fair market value. ART. 355. Gain or loss upon disposition of installment obligations. — If an installment obligation is satisfied at other than its face value or is sold or exchanged, gain or loss results to the extent of the difference between (1) the excess of... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...have no fair market value. ART. 355. Gain or loss upon disposition of installment obligations.— If an installment obligation is satisfied at other than its face value or is sold or exchanged, gain or loss results to the extent of the difference between (1) the excess of... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...prior year shall not be excluded. (d) GAIN OE Loss UPON DISPOSITION OF INSTALLMENT OBLIGATIONS. — If an installment obligation is satisfied at other than...transmitted, sold, or otherwise disposed of, gain or loss shah1 result to the extent of the difference between the basis of the obligation and ( 1 ) in the case... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...prior year shall not be excluded. (d) Gain or loss npon disposition of installment obligations. — If an installment obligation is satisfied at other than its face value or dlstributed, transmitted, sold, or otherwise disposed of, gain or loss shall result to the extent of... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...prior year shall not be excluded. (d) GAIN OR Loss UPON DISPOSITION OF INSTALLMENT OBLIGATIONS. — If an installment obligation is satisfied at other than...shall result to the extent of the difference between the oasis of the obligation and (1) in the case of satisfaction at other than face value or a sale... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...year shall not l>e excluded. (d) GAIN OR Loss UPON DISPOSITION <..F INSTALLMENT OBLIGATIONS. — If an installment obligation is satisfied at other than its face value or distributed, trun.-niitte<l, sold, or otherwise disposed of, gain or loss shall result to the extent of the difference,... | |
 | United States. Board of Tax Appeals - 1939 - 1702 pages
...as the facts herein concerned are involved) that in case of an exchange of an installment obligation "gain or loss shall result" — to the extent of the difference between the base and "the amount realized." The mere fact that gain "results" would not require recognition... | |
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If an Installment obligation is satisfied at other than its face value or distributed, transmitted, sold, or otherwise disposed of, gain or loss shall result to the extent of the difference between the basis of the obligation and... 
