...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...

...involuntary conversion 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. Section 1231 (b) (3) of the Code provides, in part, that the term "propertv used in the...

...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,...

...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...

...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...

...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...

...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. •...

...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...

...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,...

...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. * * * *••*•••...