 | United States - 1953 - 1744 էջ
...or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of pm, EWT, ch. 63, title I, § 136, 58 Stat. 53. 1942...title I, { 109, 56 Stat. 808. § 117. Capital gain of property used in the trade or business and capital assets held for more than 6 months into other... | |
 | United States U.S. Congress. Senate. Committee on finance - 1942 - 1090 էջ
...gain recognized on property involuntarily converted into other property or money as a result of its destruction in whole or in part, theft or seizure,...condemnation or the threat or imminence thereof." Our proposal Is intended to touch Just one thing — exemption from excess-profits tax of the net gains... | |
 | United States. Board of Tax Appeals - 1942 - 1324 էջ
...CONVERSIONS.— If property (as a result of its destruction in whole or in part, theft or seizure, or nn exercise of the power of requisition or condemnation, or the threat or Imminence thereof) Is compulsorily or Involuntarily converted Into property similar or related in service or use to the... | |
 | United States, Walter Elbert Barton - 1944 - 1286 էջ
...exchange shall be recognized. Sec. 112. (f) Involuntary conversions. — If property (as a result of its destruction in whole or in part, theft, or seizure,...condemnation, or the threat or imminence thereof) is compulsorily or involuntarily converted into property similar or related in service or use to the... | |
 | United States. Congress. Senate. Committee on Finance - 1955 - 84 էջ
...defined in section 1231 (b)), and " (iii) the compulsory or involuntary conversion (as a result of destruction, in whole or in part, theft or seizure,...or condemnation or the threat or imminence thereof) of property used in the trade or business (as so defined). "(B) Any item, to the extent attributable... | |
 | United States. Internal Revenue Service - 1956 - 1348 էջ
...(as defined in section 1231(b) ), and (iii) the compulsory or involuntary conversion (as a result of destruction, in whole or in part, theft or seizure,...requisition or condemnation or the threat or imminence thereaf ) of property used in the trade or business (as so defined). (B) Any item, to the extent attributable... | |
 | United States. Congress. Joint Economic Committee - 1957 - 818 էջ
...property, except in the case of compulsory or involuntary conversions (complete or partial destruction, theft, or seizure or an exercise of the power of requisition or condemnation) be taxed as ordinary income. The exception should be eliminated with the adoption of general averaging.... | |
 | United States. Court of Claims, Audrey Bernhardt - 1960 - 1044 էջ
...and plaintiff paid $21,415.80 in cash 1 (f ) Involuntary convenient. If property (as a result of its destruction In whole or In part, theft or seizure,...condemnation, or the threat or imminence thereof) is compulsorlly or involuntarily converted Into property similar or related in service or use to the... | |
 | United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1208 էջ
...or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of for any taxable year after its fourth taxable year,...prescribed by law for filing the income tax return of property used in the trade or business and capital assets held for more than 6 months into other... | |
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CONVERSIONS. (a) GENERAL RULE. — If, during the taxable year, the recognized gains on sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion... 
