 capital assets' means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer...  Reports of the U.S. Board of Tax Appeals - Page 68by United States. Board of Tax Appeals - 1933Full view - About this book
 | United States. Supreme Court - Courts - 1953 - 874 pages
...chapter — "(1) CAPITAL ASSETS. — The term 'capital assets' means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | United States. Court of Claims - Law reports, digests, etc - 1938 - 834 pages
...gain, capital loss, and 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), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1955 - 908 pages
...assets are defined by section 117 of the Internal Revenue Code of 1939 as "property held by the taxpayer (whether or not connected with; his trade or business), but does not include * * * property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. *... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1954 - 1160 pages
...reads as follows: Capital Assets. — The term "capital assets" means property held by the taxpayer ( whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | Wisconsin - Session laws - 1935 - 1308 pages
...years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | Wisconsin - Bills, Private - 1935 - 1310 pages
...years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | United States - Law - 1921 - 642 pages
..."capital assets" as used in this section means prop- " capital assets." erty acquired and held by the taxpayer for profit or investment for more than two...consumption of the taxpayer or his family, or stock m trade of the taxpayer or other property of a kind which would properly be included in the inventory... | |
 | Accounting - 1922 - 500 pages
...apply to the gains of corporations. Capital assets are denned as "property acquired and held by the taxpayer for profit or investment for more than two...or business) but does not include property held for personal use or consumption of the taxpayer or his family, or stock in trade." Beginning January 1,... | |
 | John Harold Sears - Taxation - 1922 - 732 pages
...as here used, means any property (including securities) acquired by the taxpayer for profit and held for more than two years (whether or not connected...business), but does not include property held for personal use, or stock in trade or other property which would properly be included in inventory. Under... | |
 | United States. Congress. House. Committee on Ways and Means - Finance - 1923 - 256 pages
...deductions; and (6) The term "capital assets" as used in this section means property acquired and held by the taxpayer for profit or investment for more than two...use or consumption of the taxpayer or his family, or Btock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
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