 Gains and losses from involuntary conversion and from the sale or exchange of certain property used in the trade or business — (1) Definition of property used in the trade or business. For the purposes of this subsection, the term "property used In...  Reports of the Tax Court of the United States - Page 178by United States. Tax Court - 1956Full view - About this book
 | Administrative law - 1975 - 324 pages
...shares of all classes of stock of the corporation. (9) Property used in the trade or business. For purposes of this subsection, the term "property used in the trade or business" means property described in section 1231 (b), without regard to any holding period therein provided. (10) Ownership... | |
 | United States. Congress. Senate. Committee on Finance - 1950 - 958 pages
..."capital assets" means property held by the taxpayer * * * but does not. include * * * property, used in the trade or business, of a character which is...allowance for depreciation provided in section 23 (1); COMMITTEE REPORTS Report, Ways and Means Subcommittee (75th Cong., 3d sess., H. Rept. Jan. 14, 1938):... | |
 | United States. Congress. Senate. Committee on Finance - Taxation - 1950 - 948 pages
..."capital assets" means property held by the taxpayer * * * but does not include * * * property, used in the trade or business, of a character which is...allowance for depreciation provided in section 23 (1); COMMITTEE REPORTS Report, Ways and Means Subcommittee (75th Cong., 3d sess., H. Rept. Jan. 14, 1938):... | |
 | United States. Internal Revenue Service - Income - 1951 - 1868 pages
...trade or business. — The term "property used in the trade or business" as used in section 117 (j) means property used in the trade or business, of a...allowance for depreciation provided in section 23 (I), held for more than 6 months, and real property used in the trade or business, held for more than... | |
 | United States, Walter Elbert Barton - Income tax - 1953 - 708 pages
...property used in the trade or business. — Sec. 117. (j) (1) Definition of property used in the trade or business. — For the purposes of this subsection,...than 6 months, and real property used in the trade Taxable Years Beginning in 1952 Taxable Years Beginning in 1951 Taxable Years Beginning in 1950 or... | |
 | United States. Internal Revenue Service - Taxation - 1962 - 1090 pages
...or business. Section 1231 (b) (1) of the Code provides, in part, as follows: (1) GENERAL RDT.E. — The term "property used in the trade or business"...used in the trade or business, of a character which is subject to the allowance for depreciation provided in section 167. held for more than 6 months *... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1953
...primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade or business, of a character which is...allowance for depreciation provided in section 23 (1) ... or real property used in the trade or business of the taxpayer . . . ." 53 Stat. 50, as amended,... | |
 | United States. Internal Revenue Service - Income - 1955 - 752 pages
...tradt or Ьиппсм,—The term "property" used in the trade or business •* u*ed in section 117 (jl means property used in the trade or business, of a...depreciation provided in section 23 (1), held for more than в months, and real property used in the trade or business, held for more than в months, which is... | |
 | United States. Internal Revenue Service - Income - 1955 - 516 pages
...primarily for sale to customers in the ordinary course -of the trade or business; (e) property used in the trade or business of a -character which is...allowance for depreciation provided in section 23 (1) ; !d) real property used in the trade or business of the taxpayer; «) certain Government obligations... | |
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