...1913," to "December 31, 1923," and to strike out the last part of the amendment which is in italic. There is no provision in the existing law which corresponds to paragraph 7, above quoted. The reasons for introducing this paragraph into the law are sound in the main. The...

...on March I, 1913, of $15,000 and in 1924 I sold them for $13,000. Have 1 gain or loss to report? A. The basis for determining gain or loss from the sale or other disposition of property acquired before March 1, 1913, is the cost of the property or its fair market value as of March i, 1913, whichever...

...word " find " does not have the cogent significance argued for it. In section 204 there is provided the basis for determining gain or loss from the sale or other disposition of property acquired by gift after December 31, 1920. In paragraph (2) of subdivision (a) it is provided that " if the Commissioner...

...provided in these regulations the provisions of the internalrevenue laws and regulations in respect of the basis for .determining gain or loss from the sale or other disposition of property acquired by the expenditure of the proceeds of an involuntary conversion and all matters incident, related,...

...section 113 (b) and article 591. ART. 596. Property transmitted at death. — In the following cases the basis for determining gain or loss from the sale or other disposition of property acquired after February 28, 1913, shall be the fair market value of the property at the time of the death of the decedent...

...common stock in 1925 is set out in section 204 (a) of the Revenue Act of 1924, which states that " the basis for determining gain or loss from the sale or other disposition of property acquired after February 28, 1913, shall be the cost of such property * * *." In view of the provisions of the Revenue...