 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
 | Oklahoma - 1935 - 478 pages
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 | 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... | |
 | 1934 - 724 pages
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 | 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... | |
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