 | United States. Court of Claims - 1937 - 786 pages
...recognized, except as hereinafter provided in this section. "(b) (1) No gain or loss shall be recognized if property held for productive use in trade or business...held primarily for sale, nor stocks, bonds, notes, chosc-s in action, certificates of trust or beneficisl interest, or other securities or evidences of... | |
 | United States. Court of Claims - 1932 - 800 pages
...property held primarily for sale, and in the case of property held for investment not including stock. bonds, notes, choses in action, certificates of trust...evidences of indebtedness or interest) , is exchanged for property of a like kind or use." Under the provisions of the revenue act of 1921, no taxable gain... | |
 | National Tax Association - 1922 - 622 pages
...with the recommendations of the Treasury. The revised section provides in effect that exchanges of stocks, bonds, notes, choses in action, certificates...securities or evidences of indebtedness or interest shall constitute closed transactions, resulting immediately in taxable gain or deductible loss, except... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...recognized, except' as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business...is exchanged solely for property of a like kind to he held either for productive use in trade or business or for investment, or if common stock in a corporation... | |
 | United States - 1924 - 260 pages
...property held primarily for sale, and in the case of property held for investment not including stock, bonds, notes, choses in action, certificates of trust...evidences of indebtedness or interest), is exchanged for property of a like kind or use.1 (2) When in the reorganization of one or more corporations a person... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...recognized, except as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business...held either for productive use in trade or business or for investment, or if common stock in a corporation is exchanged solely for common stock in the... | |
 | John F. Sherwood - 1925 - 206 pages
...when property is exchanged under the following conditions: (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business...held either for productive use in trade or business or for investment, or if common stock in a corporation is exchanged solely for common stock in the... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...except as hereinafter provided in this section. SEC. 203. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business...held either for productive use in trade or business or for investment, or if common stock in a corporation is exchanged solely for common stock in the... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...recognized, except as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business...held either for productive use in trade or business or for investment, or if common stock in a corporation is exchanged solely for common stock in the... | |
 | Nathan William MacChesney - 1927 - 960 pages
...(1) of the Revenue Act of 1926, which reads in part as follows: No gain or loss shall be recognized if property held for productive use in trade or business...productive use in trade or business or for investment. The Commissioner of Internal Revenue considers real estate to be the stock in trade of a dealer in realty... | |
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No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or... 
