 When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss be treated as the equivalent of cash to the amount of its fair market value, if any...  State Taxation of Personal Incomes - Page 223by Alzada Comstock - 1921 - 247 pagesFull view - About this book
 | 1920 - 496 pages
...to be treated as coming within the first provision of the sub-section of § 202(B), which provides, "When property is exchanged for other property, the...treated as the equivalent of cash, to the amount of a fair market value, if any." The converse of this argument is, that when Congress wrote this provision... | |
 | 1921 - 1048 pages
...provides that — "When property is exchanged for other property, the property received in pxrhange shall for the purpose of determining gain or loss...equivalent of cash to the amount of Its fair market value, if any ; but when in connection with the reorganization, merger or consolidation of a corporation a... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...and in accordance with valid Departmental regulations." "Section 202 (a). "Section 202 (b). changed for other property, the property received in exchange...equivalent of cash to the amount of its fair market value, if any." This subject is fully covered in the chapter on sales and exchanges,20 but it should be noted... | |
 | New York (State). Comptroller's Office - 1919 - 24 pages
...reorganization, merger or consolidation of a corporation, is received in exchange for other property, it shall, for the purpose of determining gain or loss,...equivalent of cash to the amount of its fair market value. (Section 354) 58. What about gain or loss on exchanges of stock or securities in connection with a... | |
 | National City Company, United States - 1919 - 104 pages
...inventory value, if the inventory is made iu ac- later. cordance with Section 203 (par. 31). 29. (b) When property is exchanged for other property, the...equivalent of cash to the amount of its fair market value, if any ; but when in connection with the reorganization, merger, or consolidation of a corporation... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...acquired before March 1, 1913, the fair market price or value of such property as of that date; and (b) When property is exchanged for other property, the...equivalent of cash to the amount of its fair market value, if any; but when in connection with the reorganization, merger, or consolidation of a corporation a... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...inventory value, if the inventory is made in accordance with this article. § 354. Exchange of property. When property is exchanged for other property, the...equivalent of cash to the amount of its fair market value, if any : but when in connection with the reorganization, merger or consolidation of a corporation a... | |
 | 1919 - 460 pages
...inserted by said amendment insert the following: (6) When property is exchanged for other properly, the property received in exchange shall for the purpose...equivalent of cash to the amount of its fair market mine, if any ; but when in connection irith the reorganisation, merger, or consolidation of a corporation... | |
 | New York (State) - 1919 - 520 pages
...reorganization, merger or consolidation of a corporation, is received in exchange for other property, it shall, for the purpose of determining gain or loss,...equivalent of cash to the amount of its fair market value. § 354. 58. What about gain or loss on exchanges of stock or securities in connection with a reorganization,... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...payment in stock, bonds or other obligations of a corporation other than as stated above, such securities shall, for the purpose of determining gain or loss...treated as the equivalent of cash to the amount of their fair market value. If upon conversion of the warrants or securities into cash or other property,... | |
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