 | Wisconsin - 1937 - 1020 pages
...taxation, shall be deemed to take the place of the property so destroyed. If any part of the money is not so expended, the gain, if any, shall be recognized,...not in excess of the money which is not so expended. A replacement of property by an insurance company shall be deemed to be an expenditure by the taxpayer... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...establishment of a replacement fund. For the definition of control, see article 1577. If any part of the money is not so expended, the gain, if any, shall be recognized,...not in excess of the money which is not so expended. See article 1600, for the basis for determining gain or loss from the sale or other disposition of... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended, the gain, if any, shall be recognized,...not in excess of the money which is not so expended. SEC. 203. (c) If there is distributed, in pursuance of a plan of reorganization, to a shareholder in... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended, the gain, if any, shall be recognized,...not in excess of the money which is not so expended. (c) If there is distributed, in pursuance of a plan of reorganization, to a shareholder in a corporation... | |
 | John F. Sherwood - 1925 - 206 pages
...establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended, the gain, if any, shall be recognized,...not in excess of the money which is not so expended. (Section 203 — 1924 Act) Dividends, (a) The term "dividend" when used in this title * * * *********... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended, the gain, if any, shall be recognized,...not in excess of the money which is not so expended. (c) If there is distributed, in pursuance of a plan of reorganization, to a shareholder in a corporation... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended, the gain, if any, shall be recognized,...not in excess of the money which is not so expended. (c) If there is distributed, in pursuance of a plan of reorganization, to a shareholder in a corporation... | |
 | Eric Louis Kohler - 1927 - 618 pages
...establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended, the gain, if any, shall be recognized,...not in excess of the money which is not so expended. (c) If there is distributed, in pursuance of a plan of reorganization, to a shareholder in a corporation... | |
 | Nathan William MacChesney - 1927 - 960 pages
...such other property, or (3) In the establishment of a replacement fund. . . . If any part of the money is not so expended, the gain, if any, shall be recognized...not in excess of the money which is not so expended. . . . In any case where the taxpayer elects to replace or restore the converted property but it is... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...establishment of a replacement fund to be used for such purpose within one year. If any part of the money is not so expended, the gain, if any, shall be recognized,...in excess of the money which is not so expended." rived * * *." All of tbe revenue acts have provided that " income " shall include gains, profits, and... | |
| |
If any part of the money is not so expended, the gain, if any, shall be recognized, but in an amount not in excess of the money which is not so expended. 
