 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
 | Congress. Internal Revenue Taxation Joint Committee - 1953
...US Treas. Reg. Ill, § 29.125-5, is of identical tenor. 'Int. Rev. Code § 113 (b) (1) provides that "Proper adjustment in respect of the property shall in all cases be made ... (H) in the case of any bond (as denned in section 125) the interest on which is wholly exempt from... | |
 | United States. Internal Revenue Service - 1962 - 1090 pages
...DEPLETION; PERIODS DURING WHICH INCOME WAS Nor 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. Internal Revenue Service - 1963 - 1264 pages
...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... | |
 | United States. Internal Revenue Service - 1976 - 624 pages
...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... | |
 | 1969 - 1404 pages
...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... | |
 | 1970 - 548 pages
...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... | |
 | United States. Tax Court - 1973 - 908 pages
...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... | |
 | United States. Tax Court - 1970 - 1868 pages
...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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