 Is subject to the allowance for depreciation provided in section 23 (1), or an obligation of the United States or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, Issued on or after...  Statistics of Income from Returns of Net Income - Page 45by United States. Internal Revenue Service - 1951Full view - About this book
 | 1981 - 1062 pages
...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 States. Congress. House. Committee on Ways and Means - 1981 - 400 pages
...any political subdivisions therof, or of the District of Columbia, issued on or after March l, l94l, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue;" 10 Muunn* MUCMIJ Federal Bank t Trust Co., Ltd. August 9, l979 A T-bill is... | |
 | 2000 - 708 pages
...obligations issued on л 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 subdivision thereof, or oí the District of Columbia, issued on a discount basis and payable without interest at a fixed maturity... | |
 | Jacob Stewart Seidman - 2003 - 972 pages
...Obligations Issued on Discount Basis. — In the case of any 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 1468 SECTION 42(b) [See inside back cover by him. Th& election applies to the taxable year for which... | |
 | United States. Internal Revenue Service - 1947 - 112 pages
...law also classifies as noncapital assets certain Federal, State, and municipal obligations which were issued on or after March 1, 1941, on a discount basis and which are payable without interest at a fixed maturity date not more than 1 year after issue. ASSETS... | |
 | CCH Tax Law Editors - 2008 - 1872 pages
...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... | |
 | 1971 - 782 pages
...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... | |
 | 1972 - 868 pages
...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. [TJD. 6500, 25 FR 12003, Nov. 26, 1960] §1.1221-1 Meaning of terms. (a) The... | |
 | 1967 - 548 pages
...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... | |
 | 1968 - 728 pages
...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... | |
| |
