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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... "
Federal Income, Estate and Gift Tax Laws, Correlated - Page 299
by United States, Walter Elbert Barton - 1944 - 1242 pages
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Comparison of the Revenue Acts of 1934 and 1936

United States, United States. Congress. House. Committee on Ways and Means - 1936 - 290 pages
...held for more than 10 years. (b) DEFINITION OF CAPITAL ASSETS. — For the purposes of this title, "capital assets" means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (c) DETERMINATION OF PERIOD...
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United States Statutes at Large

United States. Department of State - 1939
...31, § 754). SEC. 117. CAPITAL GAINS AND LOSSES. (a) DEFINITIONS. — As used in thisl chapter — (1) CAPITAL ASSETS. — The term "capital assets"...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...
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United States Statutes at Large

United States. Department of State - 1939
...purposes of this title, "capital assets" means property held by the taxpayer for more than two years (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. (b) GAIN OR LOSS IN ASSETS OTHER...
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Comparison of the Revenue Acts of 1936 and 1938, Volume 36

United States, United States. Congress. House. Committee on Ways and Means - 1938 - 336 pages
...in this title— DEFINITION OF- CAPITAL ASSETS. — Ee¥ the pwf\T tniQ j-ij- Jo TfT ~ ITTa UtJlAJj (1) CAPITAL ASSETS. — The term "capital assets"...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...
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Codification of Internal Revenue Laws, ... Published Pursuant to Section ...

United States - 1938 - 628 pages
...held for more than 10 years. (b) DEFINITION OF CAPITAL ASSETS. — For the purposes of this chapter, "capital assets" means property held by the taxpayer...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...
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The Code of Federal Regulations of the United States of America Having ...

1939
...Gains and Losses SEC. 117. Capital gains and losses, — (a) Definitions. — As used in this title — xes. — If accrued for sale to customers In the ordinary course of bis trade or business, or property, used In the trade...
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The Code of Federal Regulations of the United States of America Having ...

1939
...been held for more than 10 years. (b) Definition of capital assets. For the purposes of this title, "capital assets" means property held by the taxpayer...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...
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Cases Decided in the United States Court of Claims ... with ..., Volume 144

United States. Court of Claims, Audrey Bernhardt - 1941
...allowed only to the extent provided in section 117. Section 117 (a), 26 USC ( 1946 ed)§ 117, provides: (1) Capital assets. — The term "capital assets"...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 his trade...
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Reports of the U.S. Board of Tax Appeals, Volume 43

United States. Board of Tax Appeals - 1941
...issue raised. Section 117 (b) of the Revenue Act of 1936 defines "capital assets" as meaning: * * * property held by the taxpayer (whether or not connected...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. BTA 388; Thurlow E. McFall,...
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Reports of the U.S. Board of Tax Appeals, Volume 42

United States. Board of Tax Appeals - 1941
...assets" means property held by the taxpayer (whether or not connected with his trade or business), bat does not include stock in trade of the taxpayer or...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (c) DBTBRMINATION or PERIOD...
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