 •• "(2) General rule. If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction in whole...  Reports of the Tax Court of the United States - Page 473by United States. Tax Court - 1955Full view - About this book
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...its equivalent as a result of (A) its destruction in whole or in part, (B) theft or seizure, or (C) an exercise of the power of requisition or condemnation, or the threat or imminence thereof; and if the taxpayer proceeds forthwith in good faith, under regulations prescribed by the Commissioner... | |
 | James Irwin Tucker - 1923 - 360 pages
...its equivalent as a result of (a) its destruction in whole or in part; (b) theft or- seizure; or (c) an exercise of the power of requisition or condemnation, or the threat or imminence thereof, that amount received by the owner as compensation should be included in gross income. 140. (C) RENTALS... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...proportion to his interest in the property prior to the exchange. (5) If property (as a result of its destruction in whole or in part, theft or seizure,...condemnation, or the threat or imminence thereof) is compulsorily or involuntarily converted into property similar or related in service or use to the... | |
 | Eric Louis Kohler - 1924 - 514 pages
...involuntarily converted into cash or its equivalent as a result of (A) its destruction in whole or in part, (C) an exercise of the power of requisition or condemnation, or the threat or imminence thereof; and if the taxpayer proceeds forthwith in good faith, under regulations prescribed by the Commissioner... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...proportion to his interest in the property prior to the exchange. (5) If property (as a result of its destruction in whole or in part, theft or seizure,...condemnation, or the threat or imminence thereof) is compulsorily or involuntarily converted into property similar or related in service or use to the... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...proportion to his interest in the property prior to the exchange. (5) If property (as a result of its destruction in whole or in part, theft or seizure,...condemnation, or the threat or imminence thereof) is compulsorily or involuntarily converted into property similar or related in service or use to the... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...proportion to his interest in the property prior to the exchange. (5) If property (as a result of its destruction in whole or in part, theft or seizure,...condemnation, or the threat or imminence thereof) is compulsorily or involuntarily converted into property similar or related in service or use to the... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...proportion to his interest in the property prior to the exchange.1 (4) If property (as a result of its destruction in whole or in part, theft or seizure,...condemnation, or the threat or imminence thereof) is compulsorily or involuntarily converted into property similar or related in service or use to the... | |
 | Eric Louis Kohler - 1927 - 618 pages
...proportion to his interest in the property prior to the exchange. (5) If property (as a result of its destruction in whole or in part, theft or seizure,...condemnation, or the threat or imminence thereof) is compulsorily or involuntarily converted into property similar or related in service or use to the... | |
 | United States. Board of Tax Appeals - 1927 - 1530 pages
...Its equivalent as a result of (A) Its destruction in whole or in part, (B) theft or seizure, or (C) an exercise of the power of requisition or condemnation, or the threat or imminence thereof ; and if the taxpayer proceeds forthwith in good faith, under regulations prescribed by the Commissioner... | |
| |
