 | United States. Tax Court - 1960 - 1484 pages
...gain or profit, or gains or profits and income derived from any source whatever. • • • 4 SKC. 112. RECOGNITION OF GAIN OR LOSS. (a) GENERAL RULE....provided in this section. (b) EXCHANGES SOLELY IN KIND. — (o) TRANSFER TO CORPORATION CONTROLLED BY TRANSFEROR. — No pain or loss shall be roeonnized If... | |
 | United States. Internal Revenue Service - 1962 - 976 pages
...our analysis must be the "General rule" stated In section 112(a). It provides: "General rule. I'pou the sale or exchange of property the entire amount of the gain or loss * * • shall be recognized, except as hereinafter provided In this section.'' Various exceptions,... | |
 | United States. Tax Court - 1954 - 1210 pages
...exchange within the •SBC. 112. RECOGNITION OF GAIN OR LOSS. [Revenue Act of 1932.] (a) GENERAL RCLB. — Upon the sale or exchange of property the entire amount...provided In this section. (b) EXCHANGES SOLELY IN KIND. • ••••• • (4) SAME — GAIN OP CORPORATION. — No gain or loss shall be recognized If... | |
 | United States. Tax Court - 1950 - 1678 pages
...Section 112 (a) of the code states the general rule for recognition of gain or loss when it provides that upon the sale or exchange of property the entire amount...determined under section 111, shall be recognized except as thereinafter provided in the section. The exception in section 112 (b) (6), which respondent is attempting... | |
 | United States. Tax Court - 1950 - 1992 pages
...independent transaction and, consequently, that the various exchanges which took place upon ' BBC. 2O3. (a) Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 202, shall be recognized, except as hereinafter provided In this section. • ••••*• (b)... | |
 | United States. Internal Revenue Service - 1973
...loss over the amount realized. Section 1002 of the Code provides, that except as otherwise provided, upon the sale or exchange of property the entire amount of the gain or loss, determined under section 1001 of the Code, shall be recognized. In the instant case the taxpayer received $101 per share as... | |
 | United States. Internal Revenue Service - 1975 - 652 pages
...property (other than money) received. Section 1002 provides that, except as otherwise provided, on the sale or exchange of property the entire amount of the gain or loss, determined under section 1001, shall be recognized. In International Freighting Corp., Inc. v. Commissioner, 135 F. 2d 310 (2d... | |
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LOSS. (a) GENERAL RULE. — Upon the sale or exchange of property the entire amount of the gain or loss, determined under section 111, shall be recognized, except as hereinafter provided in this section. 
