 capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer...  Legislative Calendar - Page 50by United States. Congress. Senate. Committee on Finance - 1939Full view - About this book
 | United States. Internal Revenue Service - 1936 - 604 pages
...held for more than 10 years. (b) Definition of capital assets. — For the purposes of this title, "capital assets" means property held by the taxpayer...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... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...in this title— DEFINITION OF- CAPITAL ASSETS. — Ee¥ the pwf\T tniQ j-ij- Jo TfT ~ ITTa UtJlAJj (1) CAPITAL ASSETS. — The term "capital assets"...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...held for more than 10 years. (b) DEFINITION OF CAPITAL ASSETS. — For the purposes of this chapter, "capital assets" means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (c) DETERMINATION or PERIOD... | |
 | 1941 - 1688 pages
...section 116 (e) and this section.*! SEC. 117. CAPITAL GAINS AND LOSSES. (a) Definitions. As used In this chapter — (1) Capital assets. The term "capital...taxable year, or property held by the taxpayer primarily for sale to customers In the ordinary course of his trade or business, or property, used in the trade... | |
 | 1940 - 1806 pages
...Gains and Losses SEC. 117. Capital gains and losses, — (a) Definitions. — As used in this title — xes. — If accrued for sale to customers In the ordinary course of bis trade or business, or property, used In the trade... | |
 | 1939 - 1030 pages
...been held for more than 10 years. (b) Definition of capital assets. For the purposes of this title, "capital assets" means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. •tFor statutory and source... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1959 - 220 pages
...burdens on gains resulting from a conversion of capital 4 Section 117 (a) (1) provides in relevant part: "The term 'capital assets' means property held by...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 760 pages
...all-important exclusions from "capital assets."' The first is that, in section 1221 ( 1 ) , of — stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers inthe ordinary course of his trade or business. * * * * The main objective of... | |
 | United States. Tax Court - 1959 - 1372 pages
...by the taxpayer (whether or not connected with his trade or business), but does not Include— (A) stock In trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary coarse of his trade or buslnesi ; from the sale of stock of Canyon... | |
 | United States. Court of Claims, Audrey Bernhardt - 1960 - 1044 pages
...by the taxpayer (whether or not connected with his trade or business), bat does not include — "(A) stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business ; "(B) property, used in hla... | |
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