...— If, during the taxable year, the recognized gains on sales or exchanges of property used in the trade or business, plus the recognized gains from...condemnation or the threat or Imminence thereof) of property used in the trade or business and capital ossets held for more than 6 months into other property or...

...the charter as "property" when it was acquired by Heron, and he should be held to that determination compulsory or Involuntary conversion (as a result...condemnation or the threat or Imminence thereof) of property used In the trade or business and capital assets held for more than 0 months Into other property or...

...conversion of property into money or other property as a result of complete or partial destruction, theft or seizure, or an exercise of the power of requisition...condemnation, or the threat or imminence thereof. * * * 2Sec. 1231(a), as applicable to the years in question, provides in part: SEC. I L'.'tliai GENERAL...

...CONVERSIONS. — If property (as a result of its destruction in whole or in part, theft or sei7.ure. or an exercise of the power of requisition or condemnation. or the threat or Imminence thereof) is compul.sorlly or Involuntarily converted Into property similar or related In service or use to the...

...a compulsory or involuntary conversion of property into other property or money as a result of its destruction in whole or in part, theft or seizure,...or condemnation or the threat or imminence thereof; and the term "other disposition" includes the destruction or loss, in whole or In part, of property...

...used in the trade or business (as denned in section 1231 (b)), and (1l1) The compulsory or 1nvoluntary conversion (as a result of destruction, in whole or...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...

...conversion of property into money or other property as a result of complete or partial destruction, theft or seizure, or an exercise of the power of requisition...condemnation, or the threat or imminence thereof. Losses upon the complete or partial destruction, theft, seizure, requisition or condemnation of property...

...or exchanges of property used in the trade or business (as defined in section 1231 (b) ) , and (c) 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) . (iii) Any item, to the extent attributable to the carrying...

...sales or exchanges of property used in the trade or business (as denned in section 1231 (b)), and (c) 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) . (iii) Any item, to the extent attributable to the carrying...

...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...