 If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction in whole or in part, theft or seizure,...  Reports of the Tax Court of the United States - Page 700by United States. Tax Court - 1974Full view - About this book
 | United States. Supreme Court - 1953 - 874 pages
...year, the recognized gains upon sales or exchanges of property used in the trade or business . . . exceed the recognized losses from such sales, exchanges,...or exchanges of capital assets held for more than 6 months. If such gains do not exceed such losses, such gains and losses shall not be considered as gains... | |
 | United States. Court of Claims, Audrey Bernhardt - 1954 - 1160 pages
...year, the recognized gains upon sales or exchanges of property used In the trade or business, plus tbe recognized gains from the compulsory or Involuntary...or exchanges of capital assets held for more than 6 months. If snch gains do not exceed such losses, such gains and losses shall not be considered as gains... | |
 | United States. Court of Claims, Audrey Bernhardt - 1949 - 832 pages
...recognized gains Opinion of the Court from the compulsory or involuntary conversion * * * of property used in the trade or business and capital assets held...capital assets held for more than 6 months. * * * It is undisputed that the two vessels sold by the partnership in 1941 had been owned for more than six... | |
 | United States - 1953 - 1744 pages
...INTERNAL REVENUE CODE 1117 (2) General rule. If, during the taxable year, the recognized gains upon amount e в months. If such gains do not exceed such losses, such gains and losses shall not be considered as... | |
 | United States. Congress. House. Committee on Ways and Means - 1943 - 1636 pages
...held for more than 6 months, it is provided that if the recognized gains exceed the recognized losses, such gains and losses shall be considered as gains...or exchanges of capital assets held for more than 6 months, while if such gains do not exceed such losses, such gains and losses shall not be considered... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 pages
...or (2) is applicable. (2) GENEEAL RULE. — If, during the taxable year, the recognized gains upon sales or -exchanges of property used in the trade...or exchanges of capital assets held for more than 6 months. If such gains do not exceed such losses, such gains and losses shall not be considered as gains... | |
 | United States, Walter Elbert Barton - 1944 - 1286 pages
...business. Sec. 117. (j) (2) General rule. — If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or...or exchanges of capital assets held for more than 6 months. If such gains do not exceed such losses, such gains and losses shall not be considered as gains... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...or (2) is applicable. (2) GENERAL RULE. — If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or...or exchanges of capital assets held for more than 6 months. If such gains do not exceed such losses, such gains and losses shall not be considered as gains... | |
 | 1978 - 1400 pages
...1.1231 Statutory provisions; property used in the trade or business and involuntary conversions. SEC. 1231. Property used in the trade or business and involuntary...or exchanges of capital assets held for more than 6 months. If such gains do not exceed such losses, such gains and losses shall not be considered as gains... | |
 | 1961 - 636 pages
...in the trade or business, plus the recognized gains from the compulsory or involuntary conversation (as a result of destruction in whole or in part, theft...or exchanges of capital assets held for more than 6 months. If such gains do not exceed such losses, such gains and losses shall not be considered as gains... | |
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