 | 1920 - 188 pages
...the return of income for the estate or trust for which he acts. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in this article for individual taxpayers, except that there shall also be allowed as a deduction any part... | |
 | George Edwin Holmes - 1920 - 1186 pages
...return of income far tlie estate or trust for which he acts. The net income of the estate or trust fhall be computed in the same manner and on the same basis as provided in section 212, except that there shall also be allowed as a deduction (in lien of the deduction authorized... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...income embraced in his personal return for the taxable year 1918 to which the rates for 1917 apply. (d) The net income of the partnership shall be computed...the same manner and on the same basis as provided in section 212 except that the deduction provided in paragraph (11) of subdivision (a) of section 214... | |
 | Rex Frye - 1921 - 350 pages
...embraced in his personal return for the taxable year 1918 to which the rates for 1917 apply. of (d) The net income of the partnership shall be computed...the same manner and on the same basis as provided in section 212 except that the deduction provided in paragraph (11) of subdivision (a) of section 214... | |
 | Irving National Bank, New York - 1921 - 140 pages
...within the calendar year 1920. Q. How must the net income of a partnership be computed? A. In the same manner and on the same basis as provided in computing...net income of individuals except that the deduction for contributions or gifts to charitable organizations, etc., will not be allowed and no personal exemption... | |
 | John F. Sherwood - 1921 - 282 pages
...ending within the fiscal or calendar year upon the basis of which the partner's net income is computed. The net income of the partnership shall be computed in the same manner and on the same basis as that of an individual except that the deduction for charitable contributions is not allowed.... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 pages
...of the net income of the partnership for the taxable year. * * * * ****** (d) The net income of Hie partnership shall be computed in the same manner and on the same basis as provided in section 212, except that the deduction provided in paragraph (11) of subdivision fa) of section 214... | |
 | New York (State) - 1921 - 324 pages
...taxable to the estate or trust or to the beneficiaries thereof. The net income of an estate or trust shall be computed in the same manner and on the same basis as provided in this article for individual taxpayers, except that there shall also be allowed as a deduction any part... | |
 | United States U.S. Congress. Senate. Committee on finance - 1921 - 802 pages
...the return of income for the estate or trust for which he acts. The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212, except that there shall also be allowed as a deduction (in lieu of the deduction authorized... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 pages
...distributed or not, of the net income of the partnership for the taxable year. * * * • **•*** (d)'The net income of the partnership shall be computed in the same manner ;>nd on the same basis as provided in section 212, except that the deduction provided in paragraph... | |
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The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212... 
