 | New York (State) - 1935 - 1272 pages
...dred twenty, is hereby amended to read as follows: 5. Losses sustained during the taxable year and not compensated for by insurance or otherwise, if...entered into for profit, though not connected with the taxpayer's trade or business; but in the case of a taxpayer other than a resident of the state, only... | |
 | United States. Court of Claims - 1940 - 772 pages
...of 1928 (45 Stat. 791) permits a deduction of losses — incurred in trade or business; or incurred in any transaction entered into for profit, though not connected with the trade or business. The plaintiff was the chairman of the board of the Norfolk Ledger-Dispatch, an evening newspaper. He... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...into for profit. — Under section 214 (a-5) of the 1918 law an individual may deduct all net losses "if incurred in any transaction entered into for profit,...though not connected with the trade or business." The chief factors which decide the deductibility of this class of losses are : 1. The loss must be... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...insurance or otherwise, if incurred in trade or business. 5. Losses sustained during the taxable year and not compensated for by insurance or otherwise, if...though not connected with the trade or business; but in the case of a taxpayer other than a resident of the state, only as to such transactions within the... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...insurance or otherwise, if incurred in trade or business; (5) Losses sustained during the taxable year and not compensated for by insurance or otherwise, if...though not connected with the trade or business; but in the case of a nonresident alien individual only as to such transactions within the United States; (6)... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...insurance or otherwise, if incurred in trade or business. 5. Losses sustained during the taxable year and not compensated for by insurance or otherwise, if...not connected with the trade or business ; but in the case of a taxpayer other than a resident of the state, only as to such transactions within the... | |
 | Alabama - 1919 - 1476 pages
...insurance or otherwise, if incurred in trade or business, (e) Losses sustained during the taxable year and not compensated for by insurance or otherwise, if...though not connected with the trade or business; but in the case of a taxpayer other than a resident of the State, .only as to such transactions within the... | |
 | National City Company, United States - 1919 - 104 pages
...otherwise, if incurred in trade or business ; 66. (5) Losses sustained during the taxable yeai and not compensated for by insurance or otherwise, if...not connected with the trade or business ; but in the case of a nonresident alien individual only as to such transactions within the United States; 67.... | |
 | George Edwin Holmes - 1919 - 1052 pages
...the present law citizens and residents may deduct all losses sustained during the taxable year and not compensated for by insurance or otherwise, if...for profit, though not connected with the trade or business.2* Under the 1916 Law, a citizen was permitted to deduct the losses actually sustained in... | |
 | Harris, Forbes & co., New York - 1919 - 164 pages
...casualty, or from theft when losses are not compensated for by insurance or otherwise. Losses sustained in any transaction entered into for profit, though not connected with the trade or business (for a non-resident alien individual, only if transactions have been within the United States), not... | |
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... (e) LOSSES BY INDIVIDUALS. — In the case of an individual, losses sustained during the taxable year and not compensated for by insurance or otherwise — if incurred in trade or business ; or if incurred in any transaction entered into for profit,... 
