 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. Senate. Committee on Finance - 1984 - 396 pages
...indebtedness arising out of the disposition of property described in section 1221(1) (which includes 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 the performance of services,... | |
 | Deborah H. Schenk - 2017 - 858 pages
...1362(d)(3)(C)(ii): 26 LI.SC § l362(d)(3)(C)(ii). Inventory is defined in IRC § 1221(1), 26 USC § 1221(1) as "stock in trade of the taxpayer or other property...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business." "* Treas. Reg. § 1.1362-2(c)(5)(ii)(D)(2);... | |
 | Allan J. Samansky, James Charles Smith - 1985 - 840 pages
...five state exceptions.30 For real estate the two most important exceptions are the following: "(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... | |
 | United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - 1993 - 1012 pages
...held by the taxpayer (whether or not connected with his trade or business) , but does not include (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; IRC 1221 (1992). Section 79-32,... | |
 | United States. Tax Court - 2000 - 696 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... | |
 | 2000 - 586 pages
...treatment for options dealers and commodities dealers Present Law In general, gain or loss on the sale of stock in trade of the taxpayer or other property of a kind which would properly be included in inventory, or property that is held by the taxpayer primarily for sale... | |
 | United States. Congress. Joint Committee on Taxation - 2001 - 620 pages
...property held by the taxpayer other than certain listed exceptions. A principal exception applies to "stock in trade of the taxpayer or other property...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business."58 This exception is intended... | |
 | Bruce R. Hopkins - 2005 - 816 pages
...augmented deduction is available under the following circumstances: 1. The gift is of property that is o Stock in trade of the taxpayer or other property of a kind that would properly be included in the taxpayer's inventory if on hand at the close of the tax year,39... | |
 | Joseph B. Darby - 2006 - 542 pages
...income tax purposes and debt instruments (including accounts receivable).63 4. Class IV assets are stock in trade of the taxpayer or other property of a kind that would properly be included in the inventory of a taxpayer if on hand at the close of the tax year,... | |
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