 If the taxpayer so elects upon his return for a taxable year, the cutting of timber (for sale or for use in the taxpayer's trade or business) during such year by the taxpayer who owns, or has a contract right to cut, such timber (providing he has owned...  Current Lumber Industry Problems: Fourth Interim Report - Page 34by United States. Congress. House. Select Committee on Small Business - 1944 - 37 pagesFull view - About this book
 | 1939 - 1522 pages
...losses) Is amended by Inserting at the end thereof the following new subsection: (k) Gain or loss upon the cutting of timber. (1) If the taxpayer so elects upon his return for a taxable year, the cutting of timber (for sale or for use In the taxpayer's trade or business)... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 pages
...months shall be considered losses from a compulsory or involuntary conversion. • (k) GAIN OR Loss UPON THE CUTTING OF TIMBER. — (1) If the taxpayer so elects upon his return for a taxable year, the cutting of timber (for sale or for use in the taxpayer's trade or business)... | |
 | 1944 - 1344 pages
...losses) is amended by inserting at the end thereof the following new subsection : "(k) GAIN OR Loss UPON THE CUTTING OF TIMBER. — "(1) If the taxpayer so elects upon his return for a taxable year, the cutting of timber (for sale or for use in the taxpayer's trade or business)... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...months shall be considered losses from a compulsory or involuntary conversion. (k) GAIN OR Loss UPON THE CUTTING OF TIMBER. — (1) If the taxpayer so elects upon his return for a taxable year, the cutting of timber (for sale or for use in the taxpayer's trade or business)... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...months shall be considered losses from a compulsory or involuntary conversion. (k) GAIN OR Loss UPON THE CUTTING OF TIMBER. — (1) If the taxpayer so elects upon his return for a taxable year, the cutting of timber (for sale or for use in the taxpayer's trade or business)... | |
 | United States. Congress. Joint Economic Committee - 1955 - 962 pages
...depletion basis. In order to remedy this situation, it is proposed to amend the existing law as follows : "If the taxpayer so elects upon his return, the cutting of timber during the fenr by the taxpayer who owns or has a contract right to cut such timber is treated as a... | |
 | United States. Congress. House. Committee on Ways and Means - 1963 - 1248 pages
...capital gains and losses) is amendrting at the end thereof the following new subsection: "(k) Gain or the Cutting of Timber, (1) If the taxpayer so elects upon his return )le year, the cutting of timber (for sale or for use in the taxpayer's isiness) during such year by... | |
| |
