| United States. Supreme Court - Courts - 1953 - 874 pages
...GAINS AND LOSSES. "(a) DEFINITIONS. — As used in this chapter — "(1) CAPITAL ASSETS. — The term 'capital assets' means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade... | |
| United States. Court of Claims - Law reports, digests, etc - 1938 - 834 pages
...capital deductions. (8) "Capital assets" means property held by the taxpayer for more than two years (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale in the course of his trade or business. * * *. [Italics supplied.] The Commissioner of Internal... | |
| United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1954 - 1160 pages
..."capital assets" as it appears in section 117 (a) (1) reads as follows: Capital Assets. — The term "capital assets" means property held by the taxpayer...of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable... | |
| Wisconsin - Session laws - 1935 - 1308 pages
...centum if the capital asset has been held for more than 10 years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. 3. For the purpose of paragraph... | |
| Wisconsin - Bills, Private - 1935 - 1310 pages
...centum if the capital asset has been held for more than 10 years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. 3. For the purpose of paragraph... | |
| United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...deductions; and (8) The term "capital assets " means property held by the. taxpayer for more than two years (whether or not connected with his trade or business:),...taxable year, or property held by the taxpayer primarily for sals in the course of his trade or business. (b) In the case of any taxpayer (other than a corporation)... | |
| Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...deductions; and (8) The term "capital assets" means property held by the taxpayer for more than two years (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale in the course of his trade or business. (b) In the case of any taxpayer (other than a corporation)... | |
| John F. Sherwood - Income tax - 1925 - 206 pages
...capital gain; (8) The term "capital assets" means property held by the taxpayer for more than two years (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale in the course of his trade or business. (b) In the case of any taxpayer (other than a corporation)... | |
| Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...deductions; and (8) The term "capital assets" means property held by the taxpayer for more than two years (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale in the course of his trade or business. (b) In the case of any taxpayer (other than a corporation)... | |
| Eric Louis Kohler - Income tax - 1927 - 618 pages
...deductions; and (8) The term "capital assets" means property held by the taxpayer for more than two years (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale in the course of his trade or business. In determining the period for which the taxpayer has... | |
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