 | United States. Court of Claims, Audrey Bernhardt - 1958 - 1004 pages
...the charging off in that year of a bad debt, where it is shown that the deduction of the bad debt was "attributable to the operation of a trade or business regularly carried on by him," it is held that under the applicable statute (26 USC 122) plaintiff is entitled to recover. Internal... | |
 | Tennessee Bar Association - 1927 - 536 pages
...gross income, with the following exceptions and limitations: (1) Deductions otherwise allowed by law not attributable to the operation of a trade or business regularly carried on by the taxpayer shall be allowed only to the extent of the amount of the gross income not derived from such trade or... | |
 | Wisconsin - 1935 - 1310 pages
...following year. For the purposes of this section, net business income shall consist of all the income attributable to the operation of a trade or business regularly carried on by the taxpayer, less the deduction of business expenses allowed in sections 71.03 and 71.04. (2) The amendment of the... | |
 | National City Company - 1921 - 104 pages
...net loss may be claimed is January 1, 1921. It is confined to losses sustained in or resulting from the operation of a trade or business regularly carried on by the taxpayer. In such a case, losses sustained from the sale of capital assets, as real estate, machinery, etc.,... | |
 | 1925 - 474 pages
...loss to be deductible from income in computing the amount of income tax, the 'loss must result from the operation of a trade or business regularly carried on by the taxpayer. A loss resulting from an isolated business transaction cannot 'be. deducted. In this case it appeared... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...the income of the next two years, the new Law provides that deductions otherwise allowed by law, but not attributable to the operation of a trade or business regularly carried on by the taxpayer, shall be allowed only to the extent of the gross income not derived from the trade or business. A taxpayer,... | |
 | John F. Sherwood - 1925 - 206 pages
...gross income, with the following exceptions and limitations: (1) Deductions otherwise allowed by law not attributable to the operation of a trade or business regularly carried on by the taxpayer shall be allowed only to the extent of the amount of the gross income not derived from such trade or... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...gross income, with the following exceptions and limitations : (1) Deductions otherwise allowed by law not attributable to the operation of a trade or business regularly carried on by the taxpayer shall be allowed only to the extent of the amount of the gross income not derived from such trade or... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...allowed under section 214, excluding, (a) the amount by which the deductions otherwise allowed by law but not attributable to the operation of a trade or business regularly carried on by the taxpayer exceed the amount of gross income not derived from such trade or business; (b) the amount by which... | |
 | Eric Louis Kohler - 1927 - 618 pages
...gross income, with the following exceptions and limitations: (1) Deductions otherwise allowed by law not attributable to the operation of a trade or business regularly carried on by the taxpayer shall be allowed only to the extent of the amount of the gross income not derived from such trade or... | |
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Deductions otherwise allowed by law not attributable to the operation of a trade or business regularly carried on by the taxpayer... 
