 | 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
...after excluding all items of capital pain, capital los.s and capital deductions*; and. (8) The term "capital assets" means property held by the taxpayer...of the taxpayer or other property of a- kind which would properly be included in the inventory of the taxpayer if on hand at the close о f the taxable... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | United States - 1953 - 1744 pages
...total amount received or accrued during such period from the sale, exchange, or other disposition of 941 +For sale by the Supt. of Docs., U.S. G.P.O." "...partnership " succeeding taxable year; (c) In the case of for sale to customers in the ordinary course of its trade or business; reduced by the amount of discounts,... | |
 | United States. Board of Tax Appeals - 1941 - 1630 pages
...CAPITAL ASSETTS. — For the purposes of this title, "capital assets" moans property held by the taxpayer (whether or not connected with his trade or business),...of the taxpayer or other property of a kind which would properly be included In the inventory of the taxpayer If on hand at tlie close of the taiable... | |
 | United States. Congress. House. Committee on Ways and Means - 1942 - 1270 pages
...read as follows : "(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, other than improvements... | |
| |
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... 
