 The adjusted basis of such property, shall be treated as gain from the sale or exchange of property which is neither a capital asset nor property described In section 1231. Such gain shall be recognized notwithstanding any other provision...  Internal Revenue Cumulative Bulletin - Page 258by United States. Internal Revenue Service - 1976Full view - About this book
 | 1977 - 1802 pages
...disposition of farm land. SEC. 1252. Gain from disposition of farm land— (a) General rule— (.it Ordinary income. Except as otherwise provided in this...recognized notwithstanding any other provision of this subtitle, except that this section shall not apply to the extent section 1251 applies to such... | |
 | 1974 - 484 pages
...market value (in the case of any other disposition), over (11) The adjusted basis of such property, shall be treated as gain from the sale or exchange...recognized notwithstanding any other provision of this subtitle. (2) Disposition of portion of property. Por purposes of paragraph (1) — (A) In the... | |
 | 1974 - 876 pages
...such property (In the case of any other disposition) , over (II) The adjusted basis of such property, shall be treated as gain from the sale or exchange...recognized notwithstanding any other provision of this subtitle. (C) Applicable percentage. For purposes of paragraph (1) , the term "applicable percentage"... | |
 | 1978 - 1400 pages
...computed in this subdivision is an amount equal to— (a) The gain realized, that is, the excess of the amount realized (in the case of a sale, exchange,...land (in the case of any other disposition), over the adjusted basis of the farm land, minus (6) The amount of gain recognized as ordinary income under... | |
 | 1990 - 922 pages
...amount computed in this subdivision is an amount equal to: (a) The gain realized, that is, the excess of the amount realized (in the case of a sale, exchange,...land (in the case of any other disposition), over the adjusted basis of the farm land, minus (6) The amount of gain recognized as ordinary income under... | |
 | 1998 - 832 pages
...amount computed in this subdivision is an amount equal to: (a) The gain realized, that is, the excess of the amount realized (in the case of a sale, exchange,...land (in the case of any other disposition), over the adjusted basis of the farm land, minus (ft > The amount of gain recognized as ordinary income under... | |
 | 1966 - 892 pages
...other disposition the fair market value of such property. exceeds the adjusted basis of such property shall be treated as gain from the sale of exchange...described in section 1231. Such gain shall be recognized notwith.standtog any other provision of this subtitle. (2) Recomputed basis. For purposes of this section,... | |
 | 1993 - 660 pages
...amount computed in this subdivision is an amount equal to: (a) The gain realized, that is, the excess of the amount realized (in the case of a sale, exchange,...fair market value of the farm land (in the case of § 1.1252-1 any other disposition), over the adjusted basis of the farm land, minus (b) The amount... | |
 | 1973 - 476 pages
...disposed of the lower of — (A) The adjusted exploration expenditures with respect to such property, or (B) The excess of — (1) The amount realized (in...involuntary conversion) , or the fair market value (In the case of any other disposition), over (11) The adjusted basis of such property, shall be treated... | |
 | 1998 - 800 pages
...ordinary Income the lesser of — (1) The "excludable portion" under section 126, or (11XA) The excess of the amount realized (In the case of a sale, exchange,...involuntary conversion), or the fair market value of the section 126 property (in the case of any other disposition), over the adjusted basis of the property,... | |
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