 ... (2) General rule. — If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction in whole...  Internal Revenue Bulletin: Cumulative bulletin - Page 273by United States. Internal Revenue Service - 1961Full view - About this book
 | United States. Tax Court - 1972 - 988 pages
...the charter as "property" when it was acquired by Heron, and he should be held to that determination compulsory or Involuntary conversion (as a result...Imminence thereof) of property used In the trade or business and capital assets held for more than 0 months Into other property or money, exceed the recognized... | |
 | 1972 - 524 pages
...or exchanges of property iised In the trade or business (as denned In section 1231 (b)), and (111) From the compulsory or Involuntary conversion (as...thereof ) of property used In the trade or business (as ao denned). (B) Any Item, to the extent attributable to ttoe carrying on of the Insurance business,... | |
 | 1973 - 882 pages
...a compulsory or involuntary conversion of property into other property or money as a result of its destruction in whole or in part, theft or seizure,...or condemnation or the threat or imminence thereof; and the term "other disposition" includes the destruction or loss, in whole or In part, of property... | |
 | 1975 - 550 pages
...or exchanges of property used in the trade or business (as defined in section 1281 (b) ), and (I11) The compulsory or involuntary conversion (as a result...insurance busIness, shall not be taken into account. (0) The deduction for net operating losses provided in section 179, and the special deductions for... | |
 | United States. Internal Revenue Service - 1975 - 92 pages
...recognized gains on sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as...imminence thereof) of property used in the trade or business and capital assets held for more than 6 months into other property or money, exceed the recognized... | |
 | 1975 - 528 pages
...trade or business (as defined in section 1231 (b) ), and (ill) The compulsory or Involuntary eonversion (as a result of destruction, In whole or in part,...thereof) of property used In the trade or business (as so denned) . (B) Any item, to the extent attributable to the carrying on of the insurance business, shall... | |
 | 1968 - 404 pages
...sales or exchanges of property used in the trade or business (as denned in section 1231 (b)), and (c) From the compulsory or involuntary conversion (as...property used in the trade or business (as so defined) . (iii) Any item, to the extent attributable to the carrying on of the insurance business, shall not... | |
 | 1970 - 428 pages
...or exchanges of property used in the trade or business (as defined in section 1231 (b) ) , and (c) From the compulsory or involuntary conversion (as...property used in the trade or business (as so defined) . (iii) Any item, to the extent attributable to the carrying on of the insurance business, shall not... | |
 | 1967 - 416 pages
...sales or exchanges of property used in the trade or business (as denned in section 1231 (b) ) , and (c) From the compulsory or involuntary conversion (as...thereof) of property used in the trade or business (as so denned) . (iii) Any item, to the extent attributable to the carrying on of the insurance business,... | |
 | 1966 - 404 pages
...sales or exchanges of property used in the trade or business (as defined in section 128Kb) ), and (c) From the compulsory or involuntary conversion (as...thereof) of property used in the trade or business (as so denned) . (iii) Any item, to the extent attributable to the carrying on of the insurance business,... | |
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