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acquired additional adjusted basis allowed amount apply attach attributable basis benefits bonds capital capital gain cash casualty Chapter child claim computed considered contract contributions corporation cost death deduction dependent depreciation determine discussed distributions dividends earned educational elect employer enter entire Example exceed excess exchange exclude exemption expenses fair market value Form Frank gain gain or loss gift gross income held hold income tax incurred individual installment interest Internal joint later less limitation loss married ment method months ordinary paid payments period portion principal Publication purchase qualify realized received reduced reimbursement rent rental replacement reported residence result retirement rules Schedule sell separate share shown sick social sold spouse taxable theft tion trade treated wife
Page 115 - The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Page 110 - No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock or securities in such corporation, and immediately after the exchange such person or persons are in control of the corporation...
Page 25 - Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete.
Page 65 - An interest as a proprietor In a trade or business carried on as a proprietorship.
Page 85 - For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body...
Page 79 - Whether a particular trip is primarily personal or primarily to obtain education the expenses of which are deductible under this section depends upon all the facts and circumstances of each case. An important factor to be taken...
Page 9 - Form 4868 (Application for Automatic Extension of Time to File US Individual Income Tax Return).25 Further extensions may be granted by the IRS upon a showing by the taxpayer of good cause.
Page 32 - Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 111 - Stock owned, directly or indirectly, by or for a corporation, partnership, estate, or trust shall be considered as being owned proportionately by or for its shareholders, partners, or beneficiaries...
Page 110 - 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 beneficial interest, or other securities or evidences of indebtedness or interest) is exchanged solely for property of a like kind to be held either for productive use in trade or business or for investment.