 | United States. Tax Court - 1967 - 786 lapas
...not allowable under section 167 during the years in question. A depreciation deduction is allowed for property used in a trade or business or held for the production of income. Section 167 (g) of the Code provides that the basis for the depreciation deduction is the adjusted basis provided... | |
 | 1971 - 744 lapas
...1.1011-1 for determining the loss from the sale or other disposition of the property involved. However, if property used in a trade or business or held for the production of income is totally destroyed by casualty, and if the fair market value of such property immediately before... | |
 | 1971 - 1474 lapas
...1.1011-1 for determining the loss from the sale or other disposition of the property involved. However, if property used in a trade or business or held for the production of income is totally destroyed by casualty, and if the fair market value of such property immediately before... | |
 | 1987 - 1116 lapas
...1.1011-1 for determining the loss from the sale or other disposition of the property Involved. However, if property used in a trade or business or held for the production of income is totally destroyed by casualty, and if the fair market value of such property immediately before... | |
 | 1970 - 750 lapas
...1.1011-1 for determining the loss from the sale or other disposition of the property involved. However, if property used in a trade or business or held for the production of income is totally destroyed by casualty, and if the fair market value of such property immediately before... | |
 | 1966 - 1826 lapas
...If the property is purchased with the intention of demolishing the buildings and the buildings are used in a trade or business or held for the production of Income before their demolition, a portion of the basis of the property may be allocated to such buildings... | |
 | 1987 - 828 lapas
...1.1011-1 for determining the loss from the sale or other disposition of the property involved. However, if property used in a trade or business or held for the production oí income is totally destroyed by casualty, and if the fair market value of such property immediately... | |
 | United States. Internal Revenue Service - 1964 - 888 lapas
...Present law. Under present law, taxpayers may take depreciation on real property (other than land) used in a trade or business or held for the production of income. The depreciation methods available are the same as those applying to tangible personal property. They... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1955 - 152 lapas
...provided a reasonable depreciation allowance for the exhaustion, wear, and tear (including obsolescence) of property used in a trade or business or held for the production of income. The 1954 Code continues the provision described above but for taxable years after December 31. 1953,... | |
 | United States. Department of the Army - 1961 - 464 lapas
...may deduct from gross income a reasonable allowance for the exhaustion, wear and tear and obsolesence of property used in a trade or business or held for the production of income.19 These yearly depreciation a See Livingston, Decision Making in Weapons Development, 36 Harv.... | |
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However, if property used in a trade or business or held for the production of income... 
