| United States. Internal Revenue Service - 1962 - 1090 pages
...thereof — (1) any gain on the closing of such short sale shall be considered as a gain on the sale or exchange of a capital asset held for not more than 6 months (notwithstanding the period of time any property used to close such short sale has been held) ; and... | |
| United States. Internal Revenue Service - 1955 - 516 pages
...distinction is made between short- and long-term capital gain and loss and different rules are applied for the treatment of each. The distinction between...gain or loss resulting from the sale or exchange of a capital asset held for not more than 6 months, and 100 percent of the recognized gain or loss thereon... | |
| United States. Congress. Senate - 1964 - 922 pages
...closing thereof, any gain on the closing of such short sale shall be considered as a gain on the sale or Nka_ ]䨋 F 6 G !S V 8D + | At f_m3[ U]tv (notwithstanding the period of time any property used to close such short sale has been held) ; or... | |
| United States. Congress. House. Committee on Ways and Means - 1967 - 1068 pages
...granted by the taxpayer as part of a straddle, the gain shall be deemed to be gain from the sale or exchange of a capital asset held for not more than 6 months on the day that the option expired. "(2) Exception. — This subsection shall not apply to any person... | |
| United States. Internal Revenue Service - 1979 - 644 pages
...applicable. Section 1222(2) of the Code defines "short-term capital loss" as the loss from the sale or exchange of a capital asset held for not more than 6 months (for taxable years beginning before 1977). In Arrowsmith v. Commissioner, 344 US 6 (1952), Ct. D. 1752,... | |
| United States. Internal Revenue Service - 1973 - 824 pages
...granted by the taxpayer as part of a straddle, the gain shall be deemed to be gain from the sale or exchange of a capital asset held for not more than 6 months on the day that the option expired. ( 2 ) Exception. This subsection shall not apply to any person... | |
| United States. Tax Court - 1991 - 712 pages
...deducting the $141,000 on Schedule D of their 1984 return as a short-term capital loss from sale or exchange of a capital asset held for not more than 6 months, petitioners were obviously claiming the deduction under section 166(d)(l)(B) as a nonbusiness bad debt.... | |
| United States. Tax Court - 1970 - 1228 pages
...••••*• (2) SHORT-TEEM CAPITAL LOSS. — The term "short-term capital loss" means loss from the sale or exchange of a capital asset held for not more than 6 months, If and to the extent that such loss Is taken Into account in computing taxable Income. • •••••... | |
| 1973 - 882 pages
...income. (2) Short-term capital loss. The term "short-term capital loss" means loss from the sale or exchange of a capital asset held for not more than 6 months, if and to the extent that such loss is taken into account in computing taxable income. (3) Long-term... | |
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