 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...  Reports of the Tax Court of the United States - Page 250by United States. Tax Court - 1952Full view - About this book
 | United States. Congress. Senate. Committee on Finance - 1934 - 630 pages
...section would read as follows: "(b) Definition of capital assets. — For the purposes of this title, 'capital assets' means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale or for use in the course of his trade or business." We respectfully suggest that this amendment... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...held for more than 10 years. (b) Definition of capital assets. — For the purposes of this title, " capital assets " means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (c) Determination of period... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...held for more than 10 years. (b) DEFINITION OF CAPITAL ASSETS. — For the purposes of this title, "capital assets" means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (c) DETERMINATION OF PERIOD... | |
 | 1936 - 912 pages
...the definition of capital assets so as to take out there where it says: For the purpose of this title capital assets means property held by the taxpayer,...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 year, or... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...held for more than 10 years. (b) Definition of capital assets. — For the purposes of this title, "capital assets" means property held by the taxpayer...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 - 1939 - 780 pages
...31, § 754). SEC. 117. CAPITAL GAINS AND LOSSES. (a) DEFINITIONS. — As used in thisl chapter — (1) CAPITAL ASSETS. — The term "capital assets"...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. Congress. Senate. Committee on Finance - 1939 - 1104 pages
...purposes of this title, "capital assets" means property held by the taxpayer for more than two years (whether or not connected with his trade or business)...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (b) GAIN OR LOSS IN ASSETS OTHER... | |
 | United States. Tax Court - 1991 - 968 pages
...more than 1 year. [Emphasis supplied.] APPENDIX III SEC. 117. CAPITAL GAINS AND LOSSES [1939 Code], (a) DEFINITIONS.— As used in this title— (1) CAPITAL...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 - 1985 - 1410 pages
...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; (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... | |
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