 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 pages
...of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income. [See also sections 24 (a) (5), 24 (c), 126... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...of an individual, all the ordinary and necessary expenses paid, or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income. [For nondeductibility of amounts allocable... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income. [For nondeductibility of amounts allocable... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1798 pages
...of an individual, all the ordinary and necessary expenses paid or incurred during the- taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income. (14) In lieu of the foregoing deductions,... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1136 pages
...of an individual, all the ordinary and necessary expenses paid or incurred during; the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income. (14) In lieu of the foregoing deductions,... | |
 | 2003 - 736 pages
...of the taxpayer and under section 212 for expenses incurred in connection with activities engaged in for the production or collection of income or for the management, conservation, or maintenance of property held for the production of income. Except as provided in section 183 and §1.183-1,... | |
 | 1970 - 750 pages
...on transactions which do not constitute a trade or business of the taxpayer and are not carried on for the production or collection of income or for the management, conservation, or maintenance of property held for the production of income, but which are carried on primarily as a... | |
 | 1985 - 556 pages
...held by him are deductible under section 212 only if (l) they are paid or incurred by the taxpayer for the production or collection of income or for the management, conservation, or maintenance of investments held by him for the production § 1.212-1 of income; and (2) they are ordinary... | |
 | 1971 - 1474 pages
...held by him are deductible under section 212 only if (1) they are paid or incurred by the taxpayer for the production or collection of income or for the management, conservation, or maintenance of investments held by him for the production of income; and (2) they are ordinary and... | |
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NON-TRADE OR NON-BUSINESS EXPENSES. — In the case of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property... 
