 •• "(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. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...112. RECOGNITION OF GAIN OR LOSS.] (f) Involuntary conversions. — 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. Internal Revenue Service - 1936 - 604 pages
...112. RECOGNITION OF GAIN OR LOSS.] (f) Involuntary conversions. — If property (as a result of its destruction in whole or in part, theft or seizure,...condemnation, or the threat or imminence thereof) is compulsorlly or involuntarily converted into property similar or related in service or use to the... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...beginning after December 31, 1935. (f) INVOLUNTARY CONVERSIONS. — 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. Congress. Senate. Committee on Finance - 1939 - 780 pages
...the exchange shall be recognized. (f) INVOLUNTARY CONVERSIONS. — 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. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...the exchange shall be recognized. (f) INVOLUNTARY CONVERSIONS. — 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... | |
 | 1939 - 1030 pages
...[SEC. 112. RECOGNiTiON OF GAiN OR Loss.l (f) Involuntary conversions. 1f 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... | |
 | 1941 - 1688 pages
...[SEC. 112. RECOGNITION OF GAIN oa LOSS.] (f) Involuntary conversions. 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... | |
 | 1940 - 1806 pages
...112. Recognition of gain or loss.] (/) Involuntary conversions. — If property (as a result of its Is compulsorily or Involuntarily converted into property similar or related in service or use to the... | |
 | United States - 1953 - 1744 pages
...rule. If, during the taxable year, the recognized gains upon sales or exchanges of property used in the 50 — Sept. 23, 1950, 3:11 pm, EDT, ch. 994, title...109, 56 Stat. 808. § 117. Capital gains and losses used in the trade or business and capital assets held for more than 6 months into other property or... | |
 | United States - 1964 - 1098 pages
...or exchanges of property used in the trade or business (as defined in section 1231 (b)), and (ill) from the compulsory or involuntary conversion (as...condemnation or the threat or imminence thereof) of property used in the trade or business (as so defined) . (B) Any item, to the extent attributable to the carrying... | |
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