 capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer...  Statistics of Income from Returns of Net Income - Page 237by United States. Internal Revenue Service - 1951Full view - About this book
 | United States. Congress. House. Committee on Ways and Means - 1942 - 1270 pages
...property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, or property, other than improvements... | |
 | United States. Internal Revenue Service - 1974
...property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. In Mauldin v. Commissioner,... | |
 | United States. Internal Revenue Service - 1971 - 816 pages
...held by the taxpayer (whether or not connected with his trade or business) , but does not include, stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. Section 1236 of the Code provides... | |
 | United States. Tax Court - 1950 - 1144 pages
...taxpayer (whether or not connected with his trade or business) but docs not Include stock In trade >f the taxpayer or other property of a kind which would...the close of the taxable year, or property held by he taxpayer primarily for sale to customers In the ordinary course of his trade or bnsllees1, or property,... | |
 | United States. Internal Revenue Service - 1965 - 1150 pages
...deduction allowable with respect to an Item which was included in gross income by reason of the sale or other disposition of stock in trade of the taxpayer (or other property of a kind which would properly have been included in the inventory of the taxpayer if on hand at the close of the prior... | |
 | United States. Tax Court - 1945 - 1518 pages
...property held by tbe taxpayer (whether or1 not connected with his trade or business), but does not Include stock In trade of the taxpayer or other property of a kind which would properly be Included In the Inventory of the taxpayer If on hand at the close of tbe taxable... | |
 | United States. Internal Revenue Service - 1978 - 630 pages
...1221(1) of the Internal Revenue Code of 1954 excludes from the definition of the term "capital asset," that would properly be included in the inventory of the taxpayer if on hand at the close of the taxable... | |
 | United States. Internal Revenue Service - 1977 - 632 pages
...taxpayer (whether or not connected with the taxpayer's trade or business) but does not include (1) stock in trade of the taxpayer or other property of a kind that would properly be included in the inventory of the taxpayer if on hand at the close of the taxable... | |
 | United States. Tax Court - 1988 - 1400 pages
...types of property from capital asset status. The first two statutory exceptions are as follows: (1) stock in trade of the taxpayer or other property of...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business; (2) property, used in his trade... | |
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