 | Finance - 1936 - 912 pages
...there where it says: For the purpose of this title 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 year, or... | |
 | United States. Congress. Senate. Committee on Finance - United States - 1939 - 1104 pages
...shall be recognized in the computation of net income under this title. For the purposes of this title, "capital assets" means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (b) GAIN OR LOSS IN ASSETS OTHER... | |
 | United States - Session laws - 1939 - 780 pages
...thisl 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... | |
 | Almanacs, American - 1924 - 1040 pages
...this title, after excluding all items of capital pain, capital los.s and capital deductions*; and. (8) The term "capital assets" means property held by the...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 о f the taxable... | |
 | United States, United States. Congress. House. Committee on Ways and Means - Finance - 1938 - 348 pages
...ITTa UtJlAJj (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. Congress Internal Revenue Taxation Joint Committee - Internal revenue - 1938 - 700 pages
...ASSETS. — For the purposes of this chapter, "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. (c) DETERMINATION or PERIOD... | |
 | Administrative law - 1940 - 1806 pages
...this title — (1) Capital assets. — The term "capital assets" means property held by the taxpayer tion (as, for example, if the property was acquired...shall show the data used in ascertaining such basis for sale to customers In the ordinary course of bis trade or business, or property, used In the trade... | |
 | Administrative law - 1941 - 1688 pages
...this 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... | |
 | Administrative law - 1939 - 1030 pages
...capital assets. For the purposes of this title, "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. •tFor statutory and source... | |
 | United States - Law - 1953 - 1744 pages
...total amount received or accrued during such period from the sale, exchange, or other disposition of 941 +For sale by the Supt. of Docs., U.S. G.P.O." "...partnership " succeeding taxable year; (c) In the case of for sale to customers in the ordinary course of its trade or business; reduced by the amount of discounts,... | |
| |
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... 
