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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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Reports of the Tax Court of the United States, Volume 12

United States. Tax Court - 1950
...CAPITAL GAINS AND LOSSES. (a) DEFINITIONS.—A8 used In this chapter.— (1) CAPITAL ASSETS.—The term "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 hla trade or business • • •. Both petitioners...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1971
...1960-2, 166. Section 1221 of the Internal Revenue Code of 1954 provides that the term "capital asset" means property held by the taxpayer (whether or not...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. Section 1236 of the Code provides...
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Reports of the Tax Court of the United States, Volume 3

United States. Tax Court - 1945
...DerixmosB. — A* used in this chapter — (1) Ciprr.ii. ASjaars. — The term "capital assets" neon* 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 coarse of his trade or business, or property, used In the trade...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1974
...(a). Section 1221 of the Code, as far as is pertinent, defines the term "capital asset" 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. In Mauldin v. Commissioner,...
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Reports of the United States Tax Court, Volume 23

United States. Tax Court - 1956
...assets" means property held by the taxpayer (whether or not connected with his trade or business), bnt 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, or property, used In the trade...
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United States Congressional Serial Set, Issues 12750-12751

1969
...the taxpayer for more than two years (whether or not connected with his trade or business), but do not include stock in trade of the taxpayer or other...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business.] "(2) For the purpose of determining...
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Reports of the Tax Court of the United States, Volume 50

United States. Tax Court - 1968
...held by the Payer (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...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1973
...acquired in the ordinary course of trade or business for services rendered or (2) from the sale of the 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. In Burbank Liquidating Corporation,...
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Reports of the United States Tax Court, Volume 96

United States. Tax Court - 1991
...APPENDIX III SEC. 117. CAPITAL GAINS AND LOSSES [1939 Code], (a) DEFINITIONS.— As used in this title— (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...
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Reports of the United States Tax Court, Volume 63

United States. Tax Court - 1974
...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; * * * [Emphasis added.] The...
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