 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. Tax Court - 1988
...types of property from capital asset status. The first two statutory exceptions are as follows: (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... | |
 | 1973
...capital losses (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... | |
 | 1966
...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... | |
 | 1970
...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... | |
 | 1982 - 74 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
...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,... | |
 | United States. Congress. Senate. Committee on Finance - 1984
...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,... | |
 | Deborah H. Schenk - 2017 - 750 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);... | |
 | Allan J. Samansky, James Charles Smith - 2017 - 750 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... | |
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