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" 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 655
by United States. Tax Court - 1955
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Internal Revenue Code of 1954, as Amended and in Force on January 3, 1961

United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1148 pages
...effective for the year in which such gift was made. SEC. 1016. ADJUSTMENTS TO BASIS. (a) GENERAL RULE. — — (1) for expenditures, receipts, losses, or other items, properly chargeable to capital account,...
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Internal Revenue Bulletin

United States. Internal Revenue Service - 1963
...STATUTORY PROVISIONS ; ADJUSTMENTS TO BASIS. SEC. 1016. ADJUSTMENTS TO BASIS. (a) GENERAL RULE. — Service"*"&United States Internal Revenue Service( # _ 3 9 — (3) In respect of any period — (A) Before March 1, 1013, (B) Since February 28, 1913, during...
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Legislative History of the Internal Revenue Code of 1954 ..., Volumes 8-11

Floyd Morse Hubbard, United States. Congress. Joint Committee on Internal Revenue Taxation - 1967 - 1374 pages
...after "coal" the following: "or domestic iron ore". ln Paragraph (3) of section 1016(a) (providing that "proper adjustment in respect of the property shall in all cases be made—") originally read as follows (68A Stat. 299) : "(3) in respect of any period — "(A) before March 1,...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1976
...property with exceptions not pertinent here. Section 1016 of the Code provides, in pertinent part, that proper adjustment in respect of the property shall in all cases be made for expenditures, receipts, losses, or other items, properly chargeable to capital account. Section...
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United States Congressional Serial Set, Issues 12750-12751

1969
...shall be 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...
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The Code of Federal Regulations of the United States of America

1970
...taxpayer In determining taxable Income for the taxable year or prior taxable years; (2) In respect of an v period since February 28, 1913, for exhaustion, wear...amortization, and depletion, to the extent of the amourt — (A) Allowed as deductions in computing taxable Income under this subtitle or prior Income...
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Reports of the United States Tax Court, Volume 61

United States. Tax Court - 1973
...indicate that the absence of a fixed cost for patents • SEC. 1016. ADJUSTMENTS TO BASIS. (a) GE.NEKAI, BULB. — Proper adjustment In respect of the property shall in all cases be made — *•*•••• (2) In respect of any period since February 28, 1913, for exhaustion, wear and...
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Reports of the United States Tax Court, Volume 54

United States. Tax Court - 1970
...mind a potential abuse which petitioner over5 SEC. 1016. ADJUSTMENTS TO BASIS. (a) GIMBAL HOLE. — Proper adjustment In respect of the property shall In all cases be made — • ••**•• (3) • • • [relatlngtocompanlestaxedunderBubch.il] for exhaustion, wear...
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Code of Federal Regulations

1967
...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,...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1972
...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,...
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