 | United States - 1953 - 1744 pages
...property or money, then no loss from the exchange shall be recognized. (f) Involuntary conversion. xclusive purpose of holding title to property, collecting income therefrom, and turning over the — (1) Conversion into similar property. Into property similar or related in service or use to the... | |
 | 1966 - 500 pages
...thereunder. [Т.О. 6500, 25 PR 11910, Nov. 26, 1960, as amended by TD 6856, 30 FB 13318, Oct. 20, 1965] § 1.1 033 (a)— 2 Involuntary conversion where disposition...property not similar or related in service or use to § 1.1033(a)-2 the converted property, the gain, if any, shall be recognized, at the election of... | |
 | 1998 - 836 pages
...part, theft, seizure, or requisition or condemnation or threat or Imminence thereof) is compulsorlly or involuntarily converted only into property similar...or condemnation or threat or imminence thereof) Is compulsorlly or involuntarily converted Into money or into property not similar or related In service... | |
 | 1993 - 660 pages
...property under threat or imminence of requisition or condemnation. (b) Conversion into similar property. If property (as a result of its destruction in whole...thereof) is compulsorily or involuntarily converted only into property similar or related in service or use to the property so converted, no gain shall... | |
 | 1970 - 868 pages
...provisions; involuntary conversions; general rule. SEC. 1033. Involuntary conversions — (a) General rule. If property (as a result of Its destruction In whole...or condemnation or threat or Imminence thereof) Is compulsorlly or Involuntarily converted — (1) Conversion into similar property. Into property similar... | |
 | 1960 - 880 pages
...exchanges; involuntary conversions; general rule. SEC. 1033. Involuntary conversions — (a) General rule. If property (as a result of Its destruction in whole...or condemnation or threat or Imminence thereof) Is compulsorlly or Involuntarily converted — (1) Conversion into similar property. Into property similar... | |
 | United States. Internal Revenue Service - 1964 - 744 pages
...related in service or use to the converted property. Section 1033 of the Code provides, in part, that if property (as a result of its destruction in whole...converted property, the gain (if any) shall be recognized. However, if the taxpayer, during the period specified in section 1033 (a) (3) (B) (i) of the Code,... | |
 | United States, Walter Elbert Barton - 1953 - 708 pages
...money where disposition occurred prior to 1951. Same as 1951. Sec. 112. (f) Involuntary conversion.— If property (as a result of its destruction in whole...thereof) is compulsorily or involuntarily converted — Sec. 112. (f) (1) Conversion into similar property. — Into property similar or related in service... | |
 | United States. Congress. Senate. Committee on Finance - 1954 - 1472 pages
...AMENDMENTS TO SECTION 1033 (Amendments italicized) SEC. 1033. INVOLUNTARY CONVERSIONS. (a) GENERAL RULE.— If property (as a result of its destruction in whole...thereof) is compulsorily or involuntarily converted — (1) CONVERSION INTO SIMILAR PROPERTY. — Into property similar or related in service or use to... | |
 | United States. Congress. Senate. Committee on Finance - 1954 - 656 pages
...AMENDMENTS TO SECTION 1033 (Amendments italicized) SEC. 1033. INVOLUNTARY CONVERSIONS. (a) GENERAL RULE. — If property (as a result of its destruction in whole...thereof) is compulsorily or involuntarily converted — (1) CONVERSION INTO SIMILAR PROPERTY. — Into property similar or related in service or use to... | |
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If property (as a result of its destruction in whole or in part, theft, seizure, or requisition or condemnation or threat or imminence thereof) is compulsorily or Involuntarily converted... 
