 ... (6) TAX-FREE EXCHANGES GENERALLY. — If the property was acquired, after February 28, 1913, upon an exchange described in section 112 (b) to (e), inclusive, the basis shall be the same as in the case of the property exchanged, decreased in the amount...  Report of the Joint Committee on Internal Revenue Taxation - Page 32by United States. Congress. Joint Committee on Internal Revenue Taxation - 1927Full view - About this book
 | United States. Court of Claims - Law reports, digests, etc - 1937 - 786 pages
...in the case of the property exchanged, decreased in the amount of any money received by the taxpayer and increased in the amount of gain or decreased in the amount of loss to the taxpayer that was recognized upon such exchange under the law applicable to the year in which the exchange was... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...article 1579. the basis of the property shall be the same as in the case of property so converted, (1) decreased in the amount of any money received by the...taxable status of the gain or loss upon such conversion, (2) increased in the amount of gain or decreased in the amount of loss to the taxpayer recognized upon... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...conversion described in paragraph (5) of subdivision (b) of section 203, the basis shall be the same as in the case of the property so converted, decreased in...in which such conversion was made) determining the Act of 1917. DETERMINATION OF GAIN OB LOSS Act of 1916. Act of 1913. FEDERAL INCOME AND ESTATE TAX... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...in the case of the property exchanged, decreased in the amount of any money received by the taxpayer and increased in the amount of gain or decreased in the amount of loss to the taxpayer that was recognized upon such exchange under the law applicable to the year in which the exchange was... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...in the case of the property exchanged, decreased in the amount of any money received by the taxpayer and increased in the amount of gain or decreased in the amount of loss to the taxpayer that was recognized upon such exchange under the law applicable to the year in which the exchange was... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...article 1579, the basis of the property shall be the same as in the case of property so converted, ( 1 ) decreased in the amount of any money received by the...taxable status of the gain or loss upon such conversion, (2) increased in the amount of gain or decreased in the amount of loss to the taxpayer recognized upon... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 pages
...conversion described in paragraph (5) of subdivision (b) of section 203, the basis shall be the same as in the case of the property so converted, decreased in...accordance with the provisions of law (applicable to the yea1 in which such conversion was made) determining the taxable status of the gain or loss upon such... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...in the case of the property exchanged, decreased in the amount of any money received by the taxpayer and increased in the amount of gain or decreased in the amount of loss to the taxpayer that was recognized upon such exchange under the law applicable to the year in which the exchange was... | |
 | Nathan William MacChesney - Real estate business - 1927 - 960 pages
...in the case of the property exchanged, decreased in the amount of any money received by the taxpayer and increased in the amount of gain or decreased in the amount of loss to the taxpayer that was recognized upon such exchange under the law applicable to the year in which the exchange was... | |
 | United States - Finance - 1928 - 268 pages
...in the case of the property exchanged, decreased in the amount of any money received by the taxpayer and increased in the amount of gain or decreased in the amount of loss to the taxpayer that was recognized upon such exchange under the law applicable to the year in which the exchange was... | |
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