 | 1981 - 1062 pages
...attributable to items which were included in gross income by reason of the sale or other disposition of stock in trade of the taxpayer (or other property of a kind which would properly have been included in the inventory of the taxpayer if on hand at the close of the prior... | |
 | 1982 - 84 pages
...the taxpayer (whether or not connected with his trade or business), but does not include — ( 1 ) 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; (2) property, used in his trade... | |
 | United States. Congress. Joint Committee on Taxation - 1983 - 68 pages
...indebtedness arising out of the disposition of property described in section 1221(1) (which includes 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), or the performance of services,... | |
 | 1983 - 40 pages
...other than certain exceptions. Under one of those exceptions, an asset is not a capital asset if it is stock in trade of the taxpayer or other property of a kind which would properly be included in inventory of the taxpayer if on hand at the close of the taxable year,... | |
 | United States. Congress. Senate. Committee on Finance - 1984 - 396 pages
...indebtedness arising out of the disposition of property described in section 1221(1) (which includes 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), or the performance of services,... | |
 | Allan J. Samansky, James Charles Smith - 1985 - 840 pages
...five state exceptions.30 For real estate the two most important exceptions are the following: "(1) 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; "(2) property, used in his trade... | |
 | Deborah H. Schenk - 2017 - 858 pages
...1362(d)(3)(C)(ii): 26 LI.SC § l362(d)(3)(C)(ii). Inventory is defined in IRC § 1221(1), 26 USC § 1221(1) as "stock in trade of the taxpayer or other property...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business." "* Treas. Reg. § 1.1362-2(c)(5)(ii)(D)(2);... | |
 | United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - 1993 - 1012 pages
...held by the taxpayer (whether or not connected with his trade or business) , but does not include (1) 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; IRC 1221 (1992). Section 79-32,... | |
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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... 
