 Adjusted Basis. The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis determined under subsection (a), adjusted as hereinafter provided. "(1) General Rule.  Reports of the Tax Court of the United States - Page 655by United States. Tax Court - 1955Full view - About this book
 | United States, Walter Elbert Barton - 1944 - 1286 pages
...determined under subsection (a), adjusted as hereinafter provided. Sec. 113. (b) (1) General rule. — Proper adjustment in respect of the property shall in all cases be made — (A) For expenditures, receipts, losses, or other items, properly chargeable to capital account,... | |
 | United States. Supreme Court - 1945 - 864 pages
...have been taken by the taxpayer in determining net income for the taxable year or prior taxable years; (B) in respect of any period since February 28, 1913,...obsolescence, amortization, and depletion, to the extent allowed (but not less than the amount allowable) under this Act or prior income tax laws. . . ." 4... | |
 | United States. Supreme Court - 1945 - 862 pages
...the basis determined under subsection (a), adjusted as hereinafter provided, (1) GENERAL RITLE. — Proper adjustment in respect of the property shall in all cases be made — (A) for expenditures, receipts, losses, or other items, properly chargeable to capital account,... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...the basis determined under subsection (a), adjusted as hereinafter provided. (1) GENERAL RULE. — Proper adjustment in respect of the property shall in all cases be made — (A) For expenditures, receipts, losses, or other items, properly chargeable to capital account,... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...the basis determined under subsection (a), adjusted as hereinafter provided. (1) GENERAL RULE. — Proper adjustment in respect of the property shall in all cases be made — (A) For expenditures, receipts, losses, or other items, properly chargeable to capital account,... | |
 | United States. Congress. House. Committee on Ways and Means - 1947 - 260 pages
...law, subsection (B), as amended in the Revenue Act of 1932, requires the adjustment to the basis : "(B) in respect of any period since February 28, 1913,...obsolescence, amortization, and depletion, to the extent allowed (but not less than the amount allowable) under this chapter or prior income-tax laws." The... | |
 | United States. Congress. House. Committee on Ways and Means - 1947 - 262 pages
...law, subsection (B), as amended in the Revenue Act of 1932, requires the adjustment to the basis : "(B) in respect of any period since February 28, 1913,...obsolescence, amortization, and depletion, to the extent allowed (but not less than the amount allowable) under this chapter or prior income-tax laws." The... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1136 pages
...disposition of the property. (2) By deducting from such cost the full loss sustained since acquisition for exhaustion, wear and tear, obsolescence, amortization, and depletion to the extent allowed or allowable (whichever amount is the greater) on such property in all returns required to... | |
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