...made after December 31, 1920, the same as the basis which the property would have in the hands of the donor or the last preceding owner by whom it was not acquired by gift." 130 C. Cls. Findings of Fact It therefore necessarily appears that the only conclusion which we can...

...If the property was acquired by gift the basis shall be the same as it would be in the hands of the donor, or the last preceding owner by whom it was not acquired by gift, except that if such basis is greater than the fair market value of the property at the time of the...

...the basis for computing gain or loss shall be the same as the property would have in the hands of the donor or the last preceding owner by whom it was not...acquired by gift. If the facts necessary to determine the cost or other basis are unknown to the donee, the commissioner is empowered to obtain the necessary...

...basis in the hands of the donor, if such donor did not acquire the property by gift, or in the hands of the last preceding owner by whom it was not acquired by gift If the gift was on or before December 31, 1920, the basis, is the fair market price or value of the property...

...intention is clearly expressed to treat a donee of property acquired by gift on "the same basis" as "the donor or the last preceding owner by whom it was not acquired by gift." In the absence of these words, and assuming that the other portions of HR 14198 were enacted into law,...

...intention is clearly expressed to treat a donee of property acquired by gift on " the same basis " as " the donor or the last preceding owner by whom it was not acquired by gift." In the absence of these words, and assuming that the other portions of HR 14198 were enacted into law,...

...word " acquired, " on page 1, line 5, will be found the words ''by the vendor (or in case of gift, by the last preceding owner by whom it was not acquired by gift)." This language is inserted for the purpose of carrying out the thought expressed in lines'5 to 8 on...

...after December 31, 1920, the basis shall be the same as that which it would have in the hands of the donor or the last preceding owner by whom it was not...Commissioner finds it impossible to obtain such facts, Ihe basis shall be the value of such property as found by the Commissioner as of the date or approximate...

...after December 31, 1920, the basis shall be the same as that which it would have in the hands of the donor or the last preceding owner by whom it was not acquired by gift. . . ." PROBLEM 18 Illustrating Basis for Determining the Gain Derived or Loss Sustained from the Sale...

...acquired by gift after December 31, 1920, the basis is the same that it would have in the hands of the donor, or the last preceding owner by whom it was not acquired by gift. 3. As to such property acquired by gift on or before December 31, 1920, the basis is the fair market...