 | United States. Court of Claims - 1948 - 886 էջ
...whicn provides for the allowance as deductions of nontrade or nonbusiness expenses paid or incurred for the production or collection of income, or for the management, conservation or maintenance of property held for the production of income, where taxpayer and the Commissioner of Internal... | |
 | 1951 - 984 էջ
...excise and stamp taxes are deductible only if paid or incurred in carrying on a trade or business, or In the production or collection of income, or for the management, conservation, or maintenance at property held for the production of income. Do not include taxe« assessed against local... | |
 | 1939 - 1522 էջ
...incurred during the taxable year in carrying on any trade or business, or, in the case of an individual, eted;" liquidating corporation or by the shareholder. (E) Noncorporate shareholder maintenance of property held for the production of income. (See §29.23 (a)-l.) [TD 5371, May 11, 1944,... | |
 | United States - 1953 - 1744 էջ
...the case may be, may be regarded as capital Investments. (2) Non-trade or non-business expenses. In the case of an individual, all the ordinary and necessary...of income, or for the management, conservation, or maintenance of property held for the production of income. (b) Interest. All interest paid or accrued... | |
 | United States. Congress. Senate. Committee on Finance - 1942 - 1092 էջ
...23 (a) provided by this section of the House bill allows as a deduction in computing net income : In the case of an individual, all the ordinary and necessary...of income or for the management, conservation, or maintenance of property held for the production of income. This amendment, if enacted into law. will... | |
 | United States U.S. Congress. Senate. Committee on finance - 1942 - 1090 էջ
...provided by this section of the House bill allows as a deduction in computing net income: In the ease of an individual, all the ordinary and necessary expenses...of income or for the management, conservation, or maintenance of property held for the production of income. This amendment, if enacted into law. will... | |
 | United States. Congress. Senate. Committee on Finance - 1942 - 1328 էջ
...of the change which is made at the bottom of page 35 and the top of page 36. That provides that in the case of an individual all the ordinary and necessary expenses paid or incurred during a taxable year for the production or collection of income, or for the management,... | |
 | United States. U.S. Congress. Senate. Committee on finance - 1942 - 1386 էջ
...of the change which is made at the bottom of page 35 and the top of page 36. That provides that in the case of an individual all the ordinary and necessary expenses paid or incurred during a taxable year for the production or collection of income, or for the management,... | |
 | United States. Supreme Court - 1945 - 446 էջ
...profit, though not connected with the trade or business." 2 "Non-trade or non-business expenses. — In the case of an individual, all the ordinary and necessary...of income, or for the management, conservation, or maintenance of property held for the production of income." 3 "Trade or business. — The term 'trade... | |
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In computing net income there shall be allowed as deductions : . . . (2) Non-trade or non-business expenses. In the case of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection... 
