 | 1939 - 174 pages
...this title. "(5) LOSSES IN TRANSACTIONS FOR PROFIT. — Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any transaction entered into for profit which profit would be subject to taxation under this title, though not connected with the trade... | |
 | United States - 1953 - 1744 pages
...and not compensated for by insurance or otherwise — (1) if incurred in trade or business; or (2) 941 or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
 | United States, Walter Elbert Barton - 1944 - 1286 pages
...by insurance or otherwise — Sec. 23. (e) (1) if incurred in trade or business; or Sec. 23. (e) (2) if incurred in any transaction entered into for profit, though not connected with the trade or business; or Sec. 23. (e) (3) of property not connected with the trade or business, if the loss arises from fires,... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...and not compensated for by insurance or otherwise — (1) if incurred in trade or business; or (2) if incurred in any transaction entered into for profit, though not connected with the trade or business; or [For nondeductibility of losses from wash sales, see section 118 (a). For deductibility of losses... | |
 | Philippines - 1945 - 1064 pages
...and not compensated for by insurance or otherwise — (A) If incurred in trade or business; or (/?) If incurred in any transaction entered into for profit, though not connected with the trade or business; or (C) Of property not connected with the trade or business, if the loss arises from fires, storms,... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...and not compensated for by insurance or otherwise — (1) if incurred in trade or business; or (2) if incurred in any transaction entered into for profit, though not connected with the trade or business; or [For nondeductibility of losses from wash sales, see section 118 (a). For deductibility of losses... | |
 | United States. Tax Court - 1947 - 1642 pages
...and not compensated for by Insurance or otherwise — (1) If Incurred In trade or business ; or (2) If Incurred In any transaction entered Into for profit, though not connected with the trad* or business ; • • • LM LOCKHART, PETITIONER, y. COMMISSIONER OF INTERNAL REN-EN UE, RESPONDENT.... | |
 | 1970 - 868 pages
...United States: (i) Losses on transactions for profit. Any loss sustained during the taxable year and not compensated for by insurance or otherwise, if...any transaction entered into for profit, though not connected with a trade or business, shall be allowed to the extent allowed by section 165 (c) (2),... | |
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... (e) LOSSES BY INDIVIDUALS. — In the case of an individual, losses sustained during the taxable year and not compensated for by insurance or otherwise — if incurred in trade or business ; or if incurred in any transaction entered into for profit,... 
