Feeding and raising deductible, 1456 Inventories of raisers, 1460 Purchase price of cattle, when deductible, Living Expenses, Distinguished from business expenses, 886 "Living Together,' Defined, 458 Loans, Collateral on, when deductible as bad debt, Foreign, interest not subject to taxation Secured by insurance policy, 1073 Lobbying Expenses, Not deductible, 944 Local Improvement Taxes, Life insurance company, 1436 Paid on bank stock not dividends, 838 Lodge System, Defined, 50, 51 Societies operating under, gifts to, 1572 tal losses," "Capital Net Losses," "Gain Affiliated corporations, 120 Amortization of War Facilities (See Assets, non-depreciable, acquired prior to Bad debts as, 1079 Bomb explosions, 1037 Issure and redemption, 1042 Sold at discount by banks, 1014 Demolition of, 1024 Voluntary demolition, 1026 Burglary, 1040 Business, 1028 Capital assets, sale of, 1023 Capital, Defined, 608 Expenditures, 1036 Capital net, defined, 738 (See also "Cap- Casualties, 1036, 1038 Former procedure, 1036 Deductions, estate tax, 1513 Casualty insurance company may deduct, Contracts, cancelled, 1029 Post office construction, 1010 Bonds sold or redeemed, 1044-1045 Deductions, 1005-1048, 1426 In other than year of occurrence, 1009 Former procedure, 1009 Deductible on realization, 652 Former procedure, 652 Retroactive provisions, 1010 Earthquake, 1038 Embezzlement, 1040 Former procedure, 1040 Established by inventories, 566 Farmers, 1458 By casualty, 1458 Death of live stock, 1459 Deterioration of products held, 1458 Not allowed unless farm is operated for Prospective crops not deductible, 1458 Fires, 1036, 1039, 1055 Former procedure, 1036 Flood, indirect cause, 1038 Freezing of water pipes, 1039 From betting, not deductible, 537 From involuntary conversion and replace- From operation of business, allowances From sale of gifts, 676 Funds, misappropriated, 1041 Gain or loss from sale, 648-698 Grain commission brokers, 1035 Former procedure, 1047 Deductions for, 1007 Deductions for bad debts, 1066 Insurance companies, 1442 Insurance policy cancellations, 1027 To establish, 1013 Claim for abatement, 372 Joint returns to cover, 98 Liberty Bonds distributed as dividends, 1015 Losses (Continued) Not recognized from receipt of "boot" in In exchanges of property or securities On investments, not deductible by in- Not deductible by life insurance com. On sale of stock dividends, 850-856 Deductions for, 871, 1008 Divisible between partners, 1033 Net loss provision, 872 Personal injury, 1039 Property, 1030-1031 Acquired before Mar. 1, 1913, 1011 Acquired by gift, 1022 Diminution in value, 1011 Scrapping and removal, 1024 Sold at less than actual value, not al- Relief provisions, 1006 Rents, uncollectible, 795 Residence sold, 1031, 1032 Russian investments, 1015, 1075 Issuance and redemption, 1042 Security sales, single return of husband and wife, 1021 March 1, 1913, Adjustment of appraisals of various dates Appraisal as of, 699-723 Bad debts contracted prior to, 1071 Held prior to, basis for deductions, Former procedure, 1075 Basis for computing obsolescence deduc- Coal lands valuation as of, 751 Depletion charges for royalties from, mines or wells, based on fair value Former procedure, 749 Determination of value as of, treasury Fair market value of corporate assets as Fair value, as of, importance of accumu- Federal taxation of incomes effective, 7 Gain or loss on property acquired before, Income accrued before, not taxable, 493 Patents not issued, may be valued, 765 Proceeds from sale of property, or Property acquired before depletion allow- Property acquired prior or subsequent to Stock dividend from surplus earned prior Securities, valuation as of, 717, 721 Stock quotations on, average, 719 Former procedure, 754 Valuation of property on, determination of, Marine Insurance Co., Mutual, premiums not included in gross Acquired by transfer in trust, 670 "Readily realizable," 609-614 Sales to stockholders or employees at less Marriage Settlement, Not taxable, 475 Massachusetts, State income tax, 6 (See "Husband and Trust companies, state tax on corporate Massachusetts Trusts, As associations, 44 Operating in foreign country, 1002 Mellon Plan, 24 Members of Congress, Personal trip expenses not deductible, 898 When not deductible, 898 Gifts to, deductible, 1255 Gifts to, taxable, 56, 58 Bills paid for need not be reported, 419 Gifts of, 1265 Merchant Marine Act, 487 Mergers, Returns, 129 Mexico, Aliens, residents of, taxed at rate of Non-resident aliens, tax rate, 180 Bonds of agricultural societies, 482 Limited partnerships, 38 Partnership associations as corporations, As compensation for personal services, Military and Naval Forces of U. S. (See Automobile of finance officer not deduct- Cash payment at discharge of Army of. Cavalry officers, club expenses not deduct- Compensation, family allotments and allow. Former procedure, 900-902 Former procedure, 1470, 1471, 1520, Expenses of naval officers on duty, when Items of equipment not deductible, 902 Board and lodging not deductible, 901 901 |