 | United States. Tax Court - 1984 - 1122 pages
...therefore must find for the respondent. "Capital asset" is defined in section 1221. Generally, it is property held by the taxpayer (whether or not connected...or business), but does not include stock in trade or property held primarily for sale to customers in the ordinary course of his trade or business, or... | |
 | United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - 1993 - 774 pages
...Colortyme ' s inventory is not a capital asset. The Internal Revenue Code defines a capital assets as: property held by the taxpayer (whether or not connected...with his trade or business) , but does not include (1) stock in trade of the taxpayer or other property of a kind which would properly be included in... | |
 | United States. Congress. Senate - 2000 - 1220 pages
...81221. Capital asset defined. (a) In general.—For purposes of this subtitle, the term "capital asset" means property held by the taxpayer (whether or not...with his trade or business), but does not include— ****** • (5) a publication of the United States Government (including the Congressional Record) which... | |
 | CCH Incorporated, CCH Tax Law Editors - 2008 - 1632 pages
...DEFINED. [Sec. 1221(a)] (a) IN GENERAL. — For purposes of this subtitle, the term "capital asset" means property held by the taxpayer (whether or not...with his trade or business), but does not include — (1) stock in trade of the taxpayer or other property of a kind which would properly be included... | |
 | United States. Tax Court - 1947 - 1416 pages
...smaller. [Italics supplied.] ' SEC. 117 (a) (1). CAPITAL ASSETS. — The term "capital assets" menus property held by the taxpayer (whether or not connected...include stock in trade of the taxpayer • • • or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or... | |
 | United States. Tax Court - 1954 - 1302 pages
...GAINS AND LOSSES. (a) DEFINITIONS. — As used In this chapter — (1) CAPITAL ASSETS. — The term "capital assets" means property held by the taxpayer...with his trade or business), but does not Include — (A) stock In trade of the taxpayer or other property of a kind which would properly be Included... | |
 | United States. Internal Revenue Service - 1957 - 1326 pages
...trade or business. Section 1221 of the Internal Revenue Code of 1954 provides, in part, that the term rescribed by the Secretary or his delegate, expended...other property similar or related in service or use property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or... | |
 | United States. Tax Court - 1945 - 1832 pages
...AND LOSSES. (a) DEFINITIONS. — As used in this title — (1) CAPITAL ASSETS. — The term "capita! assets" means property held by the taxpayer (whether...with his trade or business), but does not include • • • property, used in the trade or business, ol a character which is subject to the allowance... | |
 | 1972 - 868 pages
...defined. SEC. 1221. Capital asset defined. For purposes of this subtitle, the term "capital asset" means property held by the taxpayer (whether or not...with his trade or business), but does not Include — ( 1 ) Stock in trade of the taxpayer or other property of a kind which would properly be Included... | |
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Stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary... 
