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" 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 or in part, theft or seizure,... "
Federal Income, Estate and Gift Tax Laws, Correlated - Page 314
by United States, Walter Elbert Barton - 1944 - 1242 pages
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Reports of the Tax Court of the United States, Volume 50

United States. Tax Court - 1968
...business, plus the recognized gains from the compulsory or Involuntary conversion • • • of property used In the trade or business and capital assets held...or exchanges of capital assets held for more than 6 months. * • • a In Corn Product! Co. V. Commisiloner, 350 US 46, the Supreme Court stated In part...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1975
...imminence thereof) of property used in the trade or business and capital assets held for more than six months into other property or money, exceed the recognized...or exchanges of capital assets held for more than six months. If such gains do not exceed such losses, such gains and losses shall not be considered...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1970
...in the trade or business, plus the recognized gains from the compulsory or Involuntary conversation (as a result of destruction In whole or In part, theft...losses from sales or exchanges of capital assets. For purposes of this subsection — (1) In determining under this subsection whether gains exceed losses,...
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Reports of the United States Tax Court, Volume 61

United States. Tax Court - 1973
...INVOLUNTARY CONVERSIONS. (a) GENERAL RULE. — If, during the taxable year, the recognized gains on sales or exchanges of property used in the trade or...or exchanges of capital assets held for more than 6 months. * * * It will be noted that the statute, by its very terms, recognizes that there may be a...
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Reports of the United States Tax Court, Volume 65

United States. Tax Court - 1975
...used in the trade or business * * * exceed the recognized losses from such sales, exchanges, * * * such gains and losses shall be considered as gains...considered as gains and losses from sales or exchanges of capital assets. * * * gain. The Commissioner determined that no portion of the settlement was allocable...
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Reports of the United States Tax Court, Volume 86

United States. Tax Court - 1986
...property used in the trade or business and capital assets held for more than 6 months [9 months in 1977) into other property or money, exceed the recognized...or exchanges of capital assets held for more than 6 months [',) months in 1977). If such gains do not exceed such losses, such gains and losses shall not...
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Reports of the United States Tax Court, Volume 56

United States. Tax Court - 1971
...ossets held for more than 6 months into other property or money, exceed the recognized losses from each sales, exchanges, and conversions, such gains and...If such gains do not exceed such losses, such gains nnd losses shall not be considered as sains and losses from sale or exchanges of capital assets. •...
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Reports of the Tax Court of the United States, Volume 57

United States. Tax Court - 1972
...other property or money, exceed the recognized losses from inch sales, exchanges, and conversions, snch gains and losses shall be considered as gains and...considered as gains and losses from sales or exchanges of capital assets. • • • in the treatment of the resulting gain when the charter was sold by...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1973
...the trade or business, plus ti»e recognized gains from the compulsory or involuntary conversation (as a result of destruction in whole or in part, theft...losses from sales or exchanges of capital assets. For purposes of this subsection — (1) In determining under this subsection whether gains exceed losses,...
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Reports of the Tax Court of the United States, Volume 61

United States. Tax Court - 1974
...business, • • • exceed the recognized losses from such sales, * * * [or] exchanges, • • • such gains and losses shall be considered as gains...gains do not exceed such losses, such gains and losses «hall not be considered as gains and losses from sales or exchange of capital assets. * * * *••*•••...
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