 All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, * * « ***** "(2) Non-trade or non-business expenses. In the case of an individual, all the ordinary and necessary expenses paid or...  Reports of the Tax Court of the United States - Page 413by United States. Tax Court - 1943Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1968 - 922 pages
...there shall be allowed as deductions : (a) Expenses. ***** i2) Non-trade or non-business expenses, n the case of an individual, all the ordinary and necessary...of income, or for the management, conservation, or maintenance of property held for the production of income. Of course it is true that in every divorce... | |
 | United States. Court of Claims - Law reports, digests, etc - 1948 - 886 pages
...which provides for the allowance as deductions of nontrade or nonbusiness expenses paid or incurred for the production or collection of income, or for the management, conservation or maintenance of property held for the production of income, where taxpayer and the Commissioner of Internal... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1950 - 940 pages
...USC 23, 1946 Ed.), which provides for the deduction of "nontrade or nonbusiness expenses" incurred "for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income", and plaintiff is not entitled to recover.... | |
 | Corporations - 1951 - 984 pages
...excise and stamp taxes are deductible only if paid or incurred in carrying on a trade or business, or In the production or collection of income, or for the management, conservation, or maintenance at property held for the production of income. Do not include taxe« assessed against local... | |
 | Administrative law - 1939 - 1522 pages
...incurred during the taxable year in carrying on any trade or business, or, in the case of an individual, eted;" liquidating corporation or by the shareholder. (E) Noncorporate shareholder maintenance of property held for the production of income. (See §29.23 (a)-l.) [TD 5371, May 11, 1944,... | |
 | United States - Law - 1953 - 1744 pages
...as the case may be, may be regarded as capital Investments. (2) Non-trade or non-business expenses. chapter. In determining such constructive average maintenance of property held for the production of income. (b) Interest. All interest paid or accrued... | |
 | United States. Congress. Senate. Committee on Finance - Finance - 1942 - 1092 pages
...section 23 (a) provided by this section of the House bill allows as a deduction in computing net income : In the case of an individual, all the ordinary and...of income or for the management, conservation, or maintenance of property held for the production of income. This amendment, if enacted into law. will... | |
 | United States U.S. Congress. Senate. Committee on finance - 1942 - 1090 pages
...provided by this section of the House bill allows as a deduction in computing net income: In the ease of an individual, all the ordinary and necessary expenses...of income or for the management, conservation, or maintenance of property held for the production of income. This amendment, if enacted into law. will... | |
 | United States. Congress. Senate. Committee on Finance - Finance - 1942 - 1328 pages
...account of the change which is made at the bottom of page 35 and the top of page 36. That provides that in the case of an individual all the ordinary and necessary expenses paid or incurred during a taxable year for the production or collection of income, or for the management,... | |
| |
