...taxpayer described in subparagraph (A) or (B); (5) an obligation of the United States or any of its possessions, or of a State or Territory, or any political...discount basis and payable without interest at a fixed in Booth Newspapers, Inc. v. United States, 303 F. 2d 916, 921 (Ct.Cl. 1962): if securities are purchased...

...sale of property * * * (5) an obligation of the United States or any of its possessions, or of a State or any political subdivision thereof, or of the District...interest at a fixed maturity date not exceeding one year from the date of issue; or (6) a publication of the United States Government (including the Congressional...

...does not include — (5) an obligation of the United States or any of its possessions, or of a State or any political subdivision thereof, or of the District of Columbia, issued on or alter March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not...

...reported, the excess is treated as ordinary income. (e) Obligations of the United States or any of its possessions, or of a State or Territory, or any political...interest at a fixed maturity date not exceeding one year from the date of issue, are excluded from the term "capital assets." An obligation may be issued on...

...united State: or any of its possessions, or of a Stat« or Territory, or any political subdivisiox thereof, or of the District of Columbia issued on or after March 1, 1941, on t discount basis and payable without in.. terest at a fixed maturity date not езс. ceeding one year...

...losses from the sale or exchange of capital assets. (c) Obligations of the United States or any of its possessions, or of a State or Territory, or any political...interest at a fixed maturity date not exceeding one year from the date of issue, are excluded from the term "capital assets." An obligation may be issued on...

...sale of property described in paragraph (1); or (5) An obligation of the United States or any of its possessions, or of a State or Territory, or any political...interest at a fixed maturity date not exceeding one year from the date of issue. [TD 6500, 25 FR 12003, Nov. 26, 1960] § 1.1221-1 Meaning of terms. (a) The...

...Short-term capital gains. 10,000 4,000 (19 000) (5,000) (5) An obligation of the United States or any of its possessions, or of a State or Territory, or any political...interest at a fixed maturity date not exceeding one year from the date of issue. [TD 6500, 25 FR 12003, Nov. 26, 1960] § 1.1221-1 Meaning of terms. (a) The...

...obligations issued on a discount basis. In the case of obligations of the United States or any of its possessions, or of a State, or Territory, or any political...thereof, or of the District of Columbia, issued on a discount basis and payable without interest at a fixed maturity date not exceeding one year from...

...excludes from the category of "capital assets" "an obligation of the United States . . . issued . . . on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue." This special provision for short-term discounted government obligations obviates...