Amount realized. — The amount realized from the sale or other disposition of property shall be the sum of any money received plus the fair market value of the property (other than money) received. United States Statutes at Large - Page 37by United States - 1939Full view - About this book
| United States. Court of Claims, Audrey Bernhardt - 1963 - 938 pages
...Opinion of the Court man case. We say this because the statute, section 1001 (b) , expressly states that the amount realized from the sale or other disposition...received plus the fair market value of the property received. We think as did the court in Marshman, supra, that the measurement of gain cannot be the... | |
| Irving Bank-Columbia Trust Company - 1925 - 152 pages
...tear, obsolescence, amortization, or depletion, previously allowed with respect to such property. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under this section... | |
| Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...obsolescence, amortization, or depletion, previously allowed with respect to such property. SEC. 202. (e) The amount realized from the sale or other disposition...value of the property (other than money) received. SEC. 202. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under... | |
| John F. Sherwood - 1925 - 206 pages
...used in computing the gain or loss derived from the sale of property. The Law further provides that the amount realized from the sale or other disposition...received plus the fair market value of the property received. The provision in the 1924 Act for using the "fair market value" of the property received... | |
| Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...tear, obsolescence, amortization, or depletion, previously allowed with respect to such property. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under this section... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...of exhaustion, wear and tear, obsolescence, and depletion actually sustained before such date. (c) Amount realized. — The amount realized from the...value of the property (other than money) received. (d) Recognition of gain or loss. — In the case of a sale or exchange, the extent to which the gain... | |
| Nathan William MacChesney - 1927 - 960 pages
...of exhaustion, wear and tear, obsolescence, and depletion actually sustained before such date. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. For this reason it becomes necessary to know at this time what amounts of depreciation are annually... | |
| Eric Louis Kohler - 1927 - 618 pages
...of exhaustion, wear and tear, obsolescence, and depletion actually sustained before such date. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under this section... | |
| Harrison B. Spaulding - 1927 - 336 pages
...of exhaustion, wear and tear, obsolescence, and depletion actually sustained before such date. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under this section... | |
| United States - 1928 - 268 pages
...to the extent provided under the law applicable to the year in which the distribution was made. (c) Amount realized. — The amount realized from the...value of the property (other than money) received. (d) Recognition of gain or loss. — In the case of a sale or exchange, the extent to which the gain... | |
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