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" ... shall be the same as it would be in the hands of the transferor, increased in the amount of gain or decreased in the amount of loss recognized to the transferor upon such transfer under the law applicable to the year in which the transfer was made. "
Individual Income Tax Provisions of the Internal Revenue Code (second ... - Page 45
by United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 312 pages
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Revenue Act, 1934: Hearings Before the Committee on Finance, United States ...

United States. Congress. Senate. Committee on Finance - 1934 - 630 pages
...paid-in surplus or as a contribution to capital, as paid-in surplus or as a contribution to capital, then the basis shall be the same as it would be in...applicable to the year in which the transfer was made.' " 7. DISCHARGE OF A RANKRUPT FROM FEDERAL TAX LIARILITY . Under the present bankruptcy law, a discharge...
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Reports of the U.S. Board of Tax Appeals, Volume 28

United States. Board of Tax Appeals - 1934 - 1512 pages
...more remained in the same persons or any of them, then the basis shall be the same as it would lie in the hands of the transferor, increased in the amount...in the amount of loss recognized to the transferor ui«m such transfer under the law applicable to the year in which the transfer was made. Section 203...
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Reports of the U.S. Board of Tax Appeals, Volume 29

United States. Board of Tax Appeals - 1934 - 1646 pages
...basis shall be the same as It would be In the bands of the transferor, iacreased In the amount of gain or decreased in the amount of loss recognized to the...such transfer under the law applicable to the year in which tbe transfer »as made. * • • • ***••• Sec. 114. (a) Batit for depreciation. —...
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Regulations 86 Relating to the Income Tax Under the Revenue Act of 1934

United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...interest or control in such property of 50 per centum or more remained in the same persons or any of them, then the basis shall be the same as it would be in...applicable to the year in which the transfer was made. This paragraph shall not apply if the property acquired consists of stock or securities in a corporation...
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Comparison of the Revenue Acts of 1934 and 1936

United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...partnership and the basis is not otherwise determined under any of the paragraphs (1) to (12), inclusive, of this subsection, then the basis shall be the same...the law applicable to the year in which the transfer wras made. If the property was distributed in kind by a partnership to any partner, the basis of such...
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Regulations 94 Relating to the Income Tax Under the Revenue Act of 1936

United States. Internal Revenue Service - 1936 - 604 pages
...property was acquired after December 31, 1917, by a corporation in connection with a reorganization, then the basis shall be the same as it would be in....applicable to the year in which the transfer was made. This paragraph shall not apply if the property acquired consists of stock or securities in a corporation...
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Reports of the U.S. Board of Tax Appeals, Volume 33

United States. Board of Tax Appeals - 1936 - 1468 pages
...same as it would be in the hands of the transferor, increased in the amount of gain or decreased iu the amount of loss recognized to the transferor upon...applicable to the year in which the transfer was made. It will be noted from the facts set forth above that Charles Von Der Ahe and his wife, owning in the...
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United States Statutes at Large, Volume 53, Part 1

United States - 1939 - 780 pages
...of 1932 or the Revenue Act of 1934 or the Revenue Act of 1936, applicable to such period. (12) BASIB ESTABLISHED BY REVENUE ACT OF 1932. — If the property...distributed in kind by a partnership to any partner, the oasis of such property in the hands of the partner shall be such part of the basis in his hands of...
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Legislative Calendar, Volume 53, Part 1

United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...property to the corporation consisted of property or money in addition to such stock or securities) , then the basis shall be the same as it would be in...applicable to the year in which the transfer was made. (c) DISTRIBUTIONS OF STOCK OR SECURITIES. — If the stock or securities were received in a distribution...
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Chicago Daily News Almanac and Political Register

1924 - 1040 pages
...or money in addition to such stock or securities), then the basis shall be the same as it would bo held by the taxpayer for more than two years wns made: if» If the property consiste of stock or securities distributed after Dec. 31. 1Я23. to...
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