 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
 | Nathan William MacChesney - 1927 - 960 pages
...deductions; and (8) The term "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 in the course of his trade or business. In determining the period for which the taxpayer has... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...deductions ; and (8) The term " 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 in the course of his trade or business. In determining the period for which the taxpayer has... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...follows : " The term ' 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 lor tale in the course of his trade, or 'business." (The italicized words are the important addition.)... | |
 | Eric Louis Kohler - 1927 - 618 pages
...deductions; and (8) The term "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 in the course of his trade or business. In determining the period for which the taxpayer has... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...follows : " The term ' 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 in the course of his trade, or business." • (The italicized words are the important addition.)... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...assets" means property held by the taxpayer for more than two years (whether or not connected with his_ trade or business), but does not include stock in...taxable year, or property held by the taxpayer primarily for sale in the course of his trade or business. For the purposes of this definition — (A) In determining... | |
 | United States - 1928 - 1164 pages
...deductions ; and "(8) The term '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 In the course of his trade or business. "(b) In the case of any taxpayer (other than a corporation)... | |
 | United States - 1928 - 268 pages
...capital deductions. (8) " 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 in the course of his trade or business. For the purposes of this definition — (A) In determining... | |
 | United States. Internal Revenue Service - 1951 - 530 pages
...year in which the net capital loss was sustained and tbe taxable year to which carried. Definition of 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... | |
 | 1953 - 1028 pages
...los* was sustained And the taxable year to which carried. Definition of capital atert».— The terra •capital assets" means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for tale to customers in the ordinary course of bis trade or buBlnehS. or property uaed In tbe trade... | |
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