 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...  Income Tax Accounting - Page 155by John F. Sherwood - 1925 - 205 pagesFull view - About this book
 | United States - 1939 - 780 pages
...thisl chapter — (1) CAPITAL ASSETS. — The term "capital assets" means property held by the taxpayer (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, or property, used in the trade... | |
 | 1924 - 1040 pages
...kind which would properly be included in the inventory of the taxpayer if on hand at the close о f the taxable year, or property held by the taxpayer...business. (b) In the case of any taxpayer (other than a corporal kin) who for any taxable уечг derives a capital net {rain, there shall fat the election... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...ASSETS. — For the purposes of this chapter, "capital assets" means property held by the taxpayer (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. (c) DETERMINATION or PERIOD... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...ITTa UtJlAJj (1) CAPITAL ASSETS. — The term "capital assets" means property held by the taxpayer (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, or property, used in the trade... | |
 | 1939 - 1030 pages
...capital assets. For the purposes of this title, "capital assets" means property held by the taxpayer (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. •tFor statutory and source... | |
 | 1940 - 1806 pages
...this title — (1) Capital assets. — The term "capital assets" means property held by the taxpayer tion (as, for example, if the property was acquired...shall show the data used in ascertaining such basis for sale to customers In the ordinary course of bis trade or business, or property, used In the trade... | |
 | 1941 - 1688 pages
...this chapter — (1) Capital assets. The term "capital assets" means property held by the taxpayer (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, or property, used in the trade... | |
 | United States. Tax Court - 1959 - 1372 pages
...by the taxpayer (whether or not connected with his trade or business), but does not Include— (A) 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 coarse of his trade or buslnesi ; from the sale of stock of Canyon... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 760 pages
...all-important exclusions from "capital assets."' The first is that, in section 1221 ( 1 ) , of — stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers inthe ordinary course of his trade or business. * * * * The main objective of... | |
 | United States. Court of Claims, Audrey Bernhardt - 1960 - 1044 pages
...by the taxpayer (whether or not connected with his trade or business), bat does not include — "(A) 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 ; "(B) property, used in hla... | |
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