 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
 | 1961 - 636 pages
...1.1016 Statutory provisions; adjustments to basis. SEC. 1016. Adjustments to basis — (a) General rule. Proper adjustment in respect of the property shall in all cases be made — (1) For expenditures, receipts, losses, or other items, properly chargeable to capital account,... | |
 | 1966 - 500 pages
...1.1016 Statutory provisions; adjustments to basis. SEC. 1016. Adjustments to basis — (a) General rule. Proper adjustment In respect of the property shall In all cases be made — (1) For expenditures, receipts, losses, or other Items, properly chargeable to capital account,... | |
 | 1960 - 880 pages
...person or an organization not subject to Income taxation under this chanter or prior income tax laws, for exhaustion, wear and tear, obsolescence, amortization, and depletion, to the extent sustained; (4) In the case of stock (to the extent not provided for In the foregoing paragraphs) for... | |
 | 1989 - 604 pages
...depletion; periods during which income was not subject to tax. (a) Adjustments to basis must be made for exhaustion, wear and tear, obsolescence, amortization, and depletion to the extent actually sustained in respect of: (1) Any period before March 1, 1913, (2) Any period since February... | |
 | 1970 - 868 pages
...depletion; periods during which income was not subject to tax. (a) Adjustments to basis must be made for exhaustion, wear and tear, obsolescence, amortization, and depletion to the extent actually sustained in respect of: (1) Any period before March 1, 1913, (2) Any period since February... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1798 pages
...shall he adjusted as follows: (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... | |
 | United States. Congress. Senate. Committee on Finance - 1952 - 82 pages
...that right or imposes that responsibility on you. Mr. MARTIN. The first sentence, reading as follows : in respect of any period since February 28, 1913,...obsolescence, amortization, and depletion, to the extent allowed as deductions In computing net income and resulting in a reduction of the taxpayer's taxes... | |
 | United States. Congress. Senate. Committee on Finance - 1952 - 70 pages
...Section 113 (b) (1) (B) of the Internal Revenue Code provides that, in determining the basis of property, "proper adjustment in respect of the property shall in all cases be made * * * in respect of any period since February 28. 1913, for exhaustion, wear and tear, obsolescence,... | |
 | United States. Congress. House. Committee on Ways and Means - 1953 - 1536 pages
...acquired. To accomplish this section 113 (b) (1) (B) of the code should be amended to read as follows : "(B) in respect of any period since February 28, 1913,...amortization, and depletion, to the extent of the amount — "(i) allowed (but not less than the amount allowable) as deductions for any taxable year in computing... | |
 | United States, Walter Elbert Barton - 1953 - 708 pages
...amendment applicable to taxable years beginning after Dec. 31, 1945. but see in. 16. Sec. 113. (b) (1) (B) in respect of any period since February 28, 1913,...amortization and depletion, to the extent of the amount (i) allowed as deductions in computing net income under this chapter or prior income tax laws, and... | |
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