 | United States. Court of Claims - 1937 - 786 pagini
...under section 202. shall be recognized, except as hereinafter provided in this section. "(b) (1) No gain or loss shall be recognized if property held...held primarily for sale, nor stocks, bonds, notes, chosc-s in action, certificates of trust or beneficisl interest, or other securities or evidences of... | |
 | United States. Court of Claims - 1932 - 800 pagini
...property held primarily for sale, and in the case of property held for investment not including stock. bonds, notes, choses in action, certificates of trust...evidences of indebtedness or interest) , is exchanged for property of a like kind or use." Under the provisions of the revenue act of 1921, no taxable gain... | |
 | National Tax Association - 1922 - 622 pagini
...with the recommendations of the Treasury. The revised section provides in effect that exchanges of stocks, bonds, notes, choses in action, certificates...securities or evidences of indebtedness or interest shall constitute closed transactions, resulting immediately in taxable gain or deductible loss, except... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 30 pagini
...1923, to read as follows: "(1) When any such property held for productive use in trade or business (not including stock in trade or other property held primarily for sale) is exchanged for property of a like use." SEC. 201. Subdivision (e) of section 202 of the revenue act... | |
 | United States. Internal Revenue Service - 1924 - 396 pagini
...under section 202, shall be recognized, except' as hereinafter provided in this section. (b) (1) No gain or loss shall be recognized if property held...is exchanged solely for property of a like kind to he held either for productive use in trade or business or for investment, or if common stock in a corporation... | |
 | United States - 1924 - 260 pagini
...property held primarily for sale, and in the case of property held for investment not including stock, bonds, notes, choses in action, certificates of trust...evidences of indebtedness or interest), is exchanged for property of a like kind or use.1 (2) When in the reorganization of one or more corporations a person... | |
 | Eric Louis Kohler - 1924 - 514 pagini
...for sale, and in the case of property held for investment not including stock, bonds, notes, chases in action, certificates of trust or beneficial interest,...evidences of indebtedness or interest), is exchanged for property of a like kind or use; (2) When in the reorganization of one or more corporations a person... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pagini
...1916. 19 Act of 1913. for sale, and in the case of property held for investment not including stock, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidence's of indebtedness or interest), is exchanged for property of a like kind or use." Act of 1924.... | |
 | Eric Louis Kohler - 1927 - 618 pagini
...(1) of the 1926 act, and a similar section in the two previous acts, exempted from tax exchanges of property "held for productive use in trade or business...securities or evidences of indebtedness or interest)." An exchange of a long-term lease for real estate has been held to be an exempt exchange under this... | |
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No gain or loss shall be recognized if property held for productive use in trade or business or for investment... 
