 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 299by United States, Walter Elbert Barton - 1944 - 1242 pagesFull view - About this book
 | United States. Congress. Senate. Committee on Finance - 1939 - 1104 pages
...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... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 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... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 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... | |
 | 1940 - 1806 pages
...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... | |
 | 1941 - 1688 pages
...and this section.*! SEC. 117. CAPITAL GAINS AND LOSSES. (a) Definitions. As used In this chapter — (1) Capital assets. The term "capital assets" means...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
...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... | |
 | United States. Court of Claims, Audrey Bernhardt - 1941 - 966 pages
...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... | |
 | United States. Board of Tax Appeals - 1941 - 1356 pages
...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,... | |
 | United States. Board of Tax Appeals - 1941 - 1630 pages
...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... | |
 | 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,... | |
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