 Gains and losses from involuntary conversion and from the sale or exchange of certain property used in the trade or business (1) Definition of property used in the trade or business. "For the purposes of this subsection, the term 'property used in...  Reports of the Tax Court of the United States - Page 304by United States. Tax Court - 1957Full view - About this book
 | United States. Supreme Court - 1953 - 874 pages
...CERTAIN PROPERTY USED IN THE TRADE OR BUSINESS. "(1) DEFINITION OF PROPERTY USED IN THE TRADE OR BUSINESS. "For the purposes of this subsection,...allowance for depreciation provided in section 23 (1), held for more than 6 months, and real property used in the trade or business, held for more than... | |
 | United States. Court of Claims, Audrey Bernhardt - 1949 - 832 pages
...subsection (j) was added to Section 117, as follows: (1) DEFINITION OF PROPERTY USED IN THE TRADE OR BUSINESS. For the purposes of this subsection,...allowance for depreciation provided in section 23 (1), held for more than 6 months, and real property used in the trade or business, held for more than... | |
 | United States. Court of Claims, Audrey Bernhardt - 1954 - 1160 pages
...gross income shall be com4 (1) DEFINITION OF PSOPEBTY OSED IK THC TRADE OB BUHINEH8. For the PUfjirmea of this subsection, the term "property used In the trade or business" menus property used In the trs.de or business, of character which Is subject to the allowance for... | |
 | 1951 - 984 pages
...trade or buttneit, The term "property used in the trade or business" as used in section 117 (J) means property used in the trade or business, of a...depreciation provided In section 23 (I), held for more than в month», and real property used In the trade or business, held for more than в months, which Is... | |
 | United States. Internal Revenue Service - 1951 - 530 pages
...or business. The Faces term "property used in the trade or business" as used in section 117 (j) means property used in the trade or business, of a...allowance for depreciation provided in section 23 (1), held for more than 6 months, and real property used in the trade or business, held for more than... | |
 | 1953 - 1028 pages
...trade or bitii*яме. The term "property usod In the trade or business" as used In section 117 (J) means property used In the trade or business, of a character which Is subject to tbe allowance for depreciation provided in section 23 (IX, held for more than в months,... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade or business, of a character which is...allowance for depreciation provided in section 23 (1) ; (3) SHORT-TERM CAPITAL LOSS. The term "short-term capital loss" means loss from the sale... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade or business, of a character which is...allowance for depreciation provided in section 23 (I)-; (2) SHORT-TERM CAPITAL GAIN. The term "shortterm capital gain" means gain from the sale or exchange... | |
 | United States. Congress. Senate. Committee on Finance - 1938 - 768 pages
...section 117 (a) (1) in the definition of capital assets to exclude from that definition "property, used in the trade or business, of a character which is...allowance for depreciation provided* in section 23 (1)." The reason which is stated in the House committee's report (H. Kept. No. 1860, p. 34) seems to... | |
 | 1940 - 1806 pages
...primarily for sale to customers In the ordinary course of bis trade or business, or property, used he taxpayer against any sum so set up as an asset...sale or other disposition of such asset at a loss (1) ; (2) Short-term capital gain. The term "short-term capital gain" means gain from the sale... | |
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