 No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or...  Reports of the Tax Court of the United States - Page 9by United States. Tax Court - 1963Full view - About this book
 | United States. Court of Claims - Law reports, digests, etc - 1937 - 786 pages
...provided in this section. "(b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including...held primarily for sale, nor stocks, bonds, notes, chosc-s in action, certificates of trust or beneficisl interest, or other securities or evidences of... | |
 | United States. Court of Claims - Law reports, digests, etc - 1932 - 800 pages
...property held primarily for sale, and in the case of property held for investment not including stock. bonds, notes, choses in action, certificates of trust...evidences of indebtedness or interest) , is exchanged for property of a like kind or use." Under the provisions of the revenue act of 1921, no taxable gain... | |
 | National Tax Association - Law - 1922 - 622 pages
...with the recommendations of the Treasury. The revised section provides in effect that exchanges of stocks, bonds, notes, choses in action, certificates...securities or evidences of indebtedness or interest shall constitute closed transactions, resulting immediately in taxable gain or deductible loss, except... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 30 pages
...1923, to read as follows: "(1) When any such property held for productive use in trade or business (not including stock in trade or other property held primarily for sale) is exchanged for property of a like use." SEC. 201. Subdivision (e) of section 202 of the revenue act... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including...is exchanged solely for property of a like kind to he held either for productive use in trade or business or for investment, or if common stock in a corporation... | |
 | United States - Finance - 1924 - 260 pages
...property held primarily for sale, and in the case of property held for investment not including stock, bonds, notes, choses in action, certificates of trust...evidences of indebtedness or interest), is exchanged for property of a like kind or use.1 (2) When in the reorganization of one or more corporations a person... | |
 | Eric Louis Kohler - Accounting - 1924 - 514 pages
...for sale, and in the case of property held for investment not including stock, bonds, notes, chases in action, certificates of trust or beneficial interest,...evidences of indebtedness or interest), is exchanged for property of a like kind or use; (2) When in the reorganization of one or more corporations a person... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...provided in this section. (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including...held either for productive use in trade or business or for investment, or if common stock in a corporation is exchanged solely for common stock in the... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...following conditions: (b) (1) No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including...held either for productive use in trade or business or for investment, or if common stock in a corporation is exchanged solely for common stock in the... | |
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