 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...  Reports of the U.S. Board of Tax Appeals - Page 403by United States. Board of Tax Appeals - 1930Full 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...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 taxpayer... | |
 | 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... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...recalled, that in general when property is exchanged for other property, the property received "shall emain closed until the pressure does not build up more than I per cent of th 3See page 372. if any," but that a transaction shall be considered a continuing one rather than a closed... | |
 | 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...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 person... | |
 | 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...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 taxpayer... | |
 | 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...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 person... | |
 | 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,... | |
 | George Edwin Holmes - 1919 - 1048 pages
...is subject to the approval of the Internal Revenue Bureau.14 The Revenue Act of 1918 provides that when property is exchanged for other property, the...exchange shall for the purpose of determining gain or loss he treated as the equivalent of cash to the amount of its fair market value, if any,16 and it... | |
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