 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1958 - 910 pages
...the basis provisions of section 113 (a) (2) and not section 113 (a) (5). Section 113 (a) (2) states: If the property was acquired by gift after December...preceding owner by whom it was not acquired by gift, * * *. Defendant says that section 113 (a) (2) applies even where the value of the gift was included... | |
 | Philippines - Law - 1981 - 138 pages
...was acquired by inheritance. If the property was acquired by gift the basis shall be the same as it would be in the hands of the donor, or the last preceding...was not acquired by gift, except that if such basis is greater than the fair market value of the property at the time of the gift then for the purpose... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...have been included in the last inventory, the basis shall be the last inventory value thereof; (2) If the property was acquired by gift after December...preceding owner by whom it was not acquired by gift. If the facts necessary to determine such basis are unknown to the donee, the Commissioner shall, if... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...1924. Act of 1921. Act of 1918. inventory, the basis shall be the last inventory value thereof; (2) If the property was acquired by gift after December...preceding owner by whom it was not acquired by gift. If the facts necessary to determine such basis are unknown to the donee, the Commissioner shall, if... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...have been included in the last inventory, the basis shall be the last inventory value thereof; (2) If the property was acquired by gift after December...preceding owner by whom it was not acquired by gift. If the facts necessary to determine such basis are unknown to the donee, the Commissioner shall, if... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...have been included in the last inventory, the basis shall be the last inventory value thereof; (2) If the property was acquired by gift after December...preceding owner by whom it was not acquired by gift. If the facts necessary to determine such basis are unknown to the donee, the Commissioner shall, if... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...have been included in the last inventory, the basis shall be the last inventory value thereof; (2) If the property was acquired by gift after December...preceding owner by whom it was not acquired by gift. If the facts necessary to determine such basis are unknown to the donee, the Commissioner shall, if... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...been included in the last inventory, the basis shall be the last inventory value thereof; (2) GIFT AFTER DECEMBER 31, 1920. — If the property was acquired...preceding owner by whom it was not acquired by gift. If the facts necessary to determine such basis are unknown to the donee, the Commissioner shall, if... | |
 | Nathan William MacChesney - Real estate business - 1927 - 960 pages
...those applicable to realty are given in Section 204 of the Revenue Act of 1926 as follows: (a) (2) If the property was acquired by gift after December...preceding owner by whom it was not acquired by gift. . . .; (3) If the property was acquired after December 31, 1920, by a transfer in trust (other than... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 pages
...have been included in the last inventory, the basis shall be the last inventory value thereof ; (2) If the property was acquired by gift after December...preceding owner by whom it was not acquired by gift. If the facts necessary to determine such basis are unknown to the donee, the Commissioner shall, if... | |
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Gifts after December 31, 1920. If the property was acquired by gift after December 31, 1920, the basis shall be the same as it would be in the hands of the donor or the last preceding owner by whom it was not acquired by gift... 
