 capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer...  Statistics of Income from Returns of Net Income - Page 45by United States. Internal Revenue Service - 1951Full view - About this book
 | 1940 - 1806 pages
...— The term "capital assets" means property held by the taxpayer (whether or not connected with his rty was acquired by gift or transfer in trust after...shall show the data used in ascertaining such basis for sale to customers In the ordinary course of bis trade or business, or property, used In the trade... | |
 | United States. Tax Court - 1950 - 1992 pages
...all property held by the taxpayer (whether or not connected with his trade or business) except (1) stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable... | |
 | United States. Internal Revenue Service - 1977 - 632 pages
...taxpayer (whether or not connected with the taxpayer's trade or business) but does not include (1) stock in trade of the taxpayer or other property of a kind that would properly be included in the inventory of the taxpayer if on hand at the close of the taxable... | |
 | United States. Internal Revenue Service - 1978 - 630 pages
...1221(1) of the Internal Revenue Code of 1954 excludes from the definition of the term "capital asset," that would properly be included in the inventory of the taxpayer if on hand at the close of the taxable... | |
 | United States. Tax Court - 1991 - 968 pages
...ASSETS.— The term "capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade... | |
 | United States. Tax Court - 1988 - 1400 pages
...types of property from capital asset status. The first two statutory exceptions are as follows: (1) stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business; (2) property, used in his trade... | |
 | United States. Tax Court - 1974 - 862 pages
...by the taxpayer (whether or not connected with his trade or business), but does not include— ( 1 ) stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business; * * * [Emphasis added.] The... | |
 | United States. Tax Court - 1970 - 1228 pages
...by the taxpayer (whether or not connected with his trade or business), but does not Include — (1) stock in trade of the taxpayer or other property of a kind which would properly be Included in the inventory of the taxpayer if on hand at the close of the taxable... | |
 | 1973 - 882 pages
...respect to an item which was included in gross income by reason of the sale or other disposition of stock In trade of the taxpayer (or other property of a kind which would properly have been included in the inventory of the -taxpayer if on hand at the close of the... | |
 | 1966 - 468 pages
...respect to an item which was included in gross income by reason of the sale or other disposition of stock in trade of the taxpayer (or other property of a kind which would properly have been included in the inventory of the taxpayer if on hand at the close of the prior... | |
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