 The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted...  Reports of the Tax Court of the United States - Page 584by United States. Tax Court - 1984Full view - About this book
 | United States - 1939 - 780 pages
...see section 22 (c). SEC. 42. PERIOD IN WHICH ITEMS OF GROSS INCOME INCLUDED. The amount of all items of gross income shall be included in the gross income...year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for... | |
 | CCH Tax Law Editors - 2008 - 1872 pages
...securities which is required to be recognized due to a failure to meet the requirements under section 1042 shall be included in the gross income for the taxable year in which the gain was realized. If any gain from the sale of qualified securities is not recognized under... | |
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