...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt from taxation under this title; ( 9 ) In the case of a domestic life insurance company, the net income of...

...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer), the interest upon which is wholly exempt from taxation under this item." It would seem, therefore, that the following items should be included in...

...REFERENCE : Sec. 214 (a): "That in computing net income there shall be allowed as deductions: . . . (2) All interest paid or accrued within the taxable year...incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally...

...in the hands of any particular taxpayer. However, interest paid on indebtedness incurred to purchase obligations of the United States, issued after September...1917 (and originally subscribed for by the taxpayer), may be deducted, whether or not the interest from such obligations is wholly tax exempt. Section 214...

...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other, than obligations of the United States issued...September 24, 1917, and originally subscribed for by t'-e taxpayer) the interest upon which is wholly exempt from taxation under this title; (9) In the...

...property to which the taxpayer has not taken or is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year...incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally...

...property to which the taxpayer has not taken or is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year...incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally...

...interest on which is exempt from tax, except interest on indebtedness incurred to purchase or carry obligations of the United States issued after September...1917, and originally subscribed for by the taxpayer. 21. TAXES PAID Enter as Item 11 personal taxes paid and all taxes on property not used in business...

...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...taxpayer) the interest upon which is wholly exempt from taxation under this title; (3) Taxes paid or accrued within the taxable year except (a) income, war-profits,...

...INDIVIDUALS: INTEREST [SEC. 214. (a) In computing net income there shall be allowed as deductions :] (2) All interest paid or accrued within the taxable year...incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally...