 | United States. Supreme Court - 1953 - 874 էջ
...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 - 1938 - 834 էջ
...of this title, after excluding all items of capital gain, capital loss, and capital deductions. (8) "Capital assets" means property held by the taxpayer...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 - 1952 - 936 էջ
...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... | |
 | Wisconsin - 1935 - 1308 էջ
...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 - 1935 - 1310 էջ
...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 - 1924 - 396 էջ
...means the net iuconie, computed iu accordance with the provisions of this title, after excluding ail items of capital gain, capital loss^ and capital deductions;...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)... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 էջ
...consummated after December 31, 1921; (2) The term "capital loss" means deductible loss resulting from the sale or exchange of capital assets; (3) The term...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... | |
 | John F. Sherwood - 1925 - 206 էջ
...of the sum of the capital losses plus the capital deductions over the total amount of capital gain; (8) The term "capital assets" means property held...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... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 էջ
...Computation of Income on Sale of Dividend Stock or Subscription Rights, (1924) 13 California L. Rev. 13. (3) The term "capital deductions" means such deductions...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... | |
 | Homer Bews Vanderblue, Charles Insco Gragg - 1927 - 702 էջ
...the commodity which is to be sold and dealt in. Section 208(0)8 of the Revenue Act of 1924 provides: The term "capital assets" means property held by the...taxpayer primarily for sale in the course of his trade or business. 1 In regard to proposals for laying a levy on capital as a means of paying the New Zealand... | |
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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... 
