| United States. Court of Claims - Law reports, digests, etc - 1937 - 786 pages
...primarily for sale, nor stocks, bonds, notes, chosc-s in action, certificates of trust or beneficisl interest, or other securities or evidences of indebtedness...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... | |
| United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...under section 202, shall be recognized, except' as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held...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... | |
| Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...under section 202, shall be recognized, except as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held...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... | |
| Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...section 202, shall be recognized, except as hereinafter provided in this section. SEC. 203. (b) (1) No gain or loss shall be recognized if property held...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
...gain or loss is to be recognized when property is exchanged under the following conditions: (b) (1) No gain or loss shall be recognized if property held...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... | |
| Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...under section 202, shall be recognized, except as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held...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... | |
| Nathan William MacChesney - Real estate business - 1927 - 960 pages
...estate is based on Section 203 (b) (1) of the Revenue Act of 1926, which reads in part as follows: No gain or loss shall be recognized if property held...held either for productive use in trade or business or for investment. The Commissioner of Internal Revenue considers real estate to be the stock in trade... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...section. (b) Exchanges solely in kind. — (1) PROPERTY HELD FOR PRODUCTIVE USE OR INVESTMENT.— No gain or loss shall be recognized if property held...held either for productive use in trade or business or for investment. (2) STOCK FOR STOCK OF SAME CORPORATION. — No gain or loss shall be recognized... | |
| Harrison B. Spaulding - Income tax - 1927 - 336 pages
...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,...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... | |
| Eric Louis Kohler - Income tax - 1927 - 618 pages
...(1) of the 1926 act, and a similar section in the two previous acts, exempted from tax exchanges of property "held for productive use in trade or business...securities or evidences of indebtedness or interest)." An exchange of a long-term lease for real estate has been held to be an exempt exchange under this... | |
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