 | United States. Supreme Court - Courts - 1953 - 874 pages
...chapter — "(1) CAPITAL ASSETS. — The term 'capital assets' means property held by the taxpayer (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade... | |
 | United States. Court of Claims - Law reports, digests, etc - 1938 - 834 pages
...the capital losses plus the capital deductions over the total amount of capital gain. (7) "Ordinary net income" means the net income, computed in accordance...taxpayer primarily for sale in the course of his trade or business. * * *. [Italics supplied.] The Commissioner of Internal Eevenue held in his construction... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1952 - 936 pages
...as follows : (1) Capital assets. — The term "capital assets" means property held by the taxpayer (whether or not connected with his trade or business)...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, * * *. The contract with Twentieth... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1954 - 1160 pages
...reads as follows: Capital Assets. — The term "capital assets" means property held by the taxpayer ( whether or not connected with his trade or business),...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 the taxable... | |
 | Wisconsin - Session laws - 1935 - 1308 pages
...years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. 3. For the purpose of paragraph... | |
 | Wisconsin - Bills, Private - 1935 - 1310 pages
...years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. 3. For the purpose of paragraph... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...title, after excluding ail items of capital gain, capital loss^ and capital deductions; and (8) The term "capital assets " means property held by the. taxpayer...taxable year, or property held by the taxpayer primarily for sals in the course of his trade or business. (b) In the case of any taxpayer (other than a corporation)... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...the capital losses plus the capital deductions over the total amount of capital gain; (8) The term "capital assets" means property held by the taxpayer...taxpayer primarily for sale in the course of his trade or business. (b) In the case of any taxpayer (other than a corporation) who for any taxable year derives... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...title, after excluding all items of capital gain, capital loss, and capital deductions; and (8) The term "capital assets" means property held by the taxpayer...taxpayer primarily for sale in the course of his trade or business. (b) In the case of any taxpayer (other than a corporation) who for any taxable year derives... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...title, after excluding all items of capital gain, capital loss, and capital deductions; and (8) The term "capital assets" means property held by the taxpayer...stock in trade of the taxpayer or other property of CAPITAL GAIN. SEC. 206. (a) That for the purpose of this title : (1) The term "capital gain" means... | |
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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... 
