 | 1939 - 1522 lapas
...converting the standing timber into the products in inventory. See § 29.22 (c) -3. The fact that the fair market value as of the first day of the taxable year In which the timber is cut is deemed to be the cost of such timber shall not preclude the taxpayer from computing its inventories... | |
 | United States. Office of Commissioner of Internal Revenue - 1943 - 1504 lapas
...treated as a sale giving rise to taxable gain or loss in an amount measured by the difference betwoan the fair market value as of the first day of the taxable year in which t.he timber is cut and the adjusted basis for depletion; applies the capital gain rotes with respect to appreciation in... | |
 | 1980 - 682 lapas
...timber into the products in inventory. See section 471 and the regulations thereunder. The fact that the fair market value as of the first day of the taxable year in which the timber is cut is deemed to be the cost of such timber shall not preclude the taxpayer from computing its inventories... | |
 | 1987 - 548 lapas
...timber into the products in inventory. See section 471 and the regulations thereunder. The fact that the fair market value as of the first day of the taxable year in which the timber is cut is deemed to be the cost of such timber shall not preclude the taxpayer from computing its inventories... | |
 | 1961 - 566 lapas
...timber into the products in inventory. See section 471 and the regulations thereunder. The fact that the fair market value as of the first day of the taxable year in which the timber is cut is deemed to be the cost of such timber shall not preclude the taxpayer from computing its inventories... | |
 | United States. Congress. House. Banking and Currency Committee - 1969 - 968 lapas
...capital asset under section 1231 of the Internal Revenue Code. This means that he will be accorded capital gains treatment for the increase in value...the sale of products manufactured from the timber. That gain or loss will be given ordinary (not capital gain) treatment. In a situation of rapidly rising... | |
 | United States. Internal Revenue Service - 1975 - 92 lapas
...follows: 1. The difference between the depletion basis of the standing timber cut during the taxable year and its fair market value as of the first day of the taxable year in which it was cut. This may be treated as a long term capital gain as explained below.... | |
 | 1949 - 774 lapas
...converting the standing timber into the products in inventory. See § 29.22 (c)-3. The fact that the fair market value as of the first day of the taxable year in which the timber is cut is deemed to be the cost of such timber shall not preclude the taxpayer from computing its inventories... | |
 | 1971 - 332 lapas
...timber into the products in inventory. See section 471 and the regulations thereunder. The fact that the fair market value as of the first day of the taxable year in which the timber is cut is deemed to be the cost of such timber shall not preclude the taxpayer from computing its inventories... | |
 | 1968 - 292 lapas
...timber into the products in inventory. See section 471 and the regulations thereunder. The fact that the fair market value as of the first day of the taxable year in which the timber is cut is deemed to be the cost of such timber shall not preclude the taxpayer from computing its inventories... | |
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The fact that the fair market value as of the first day of the taxable year in which the timber is cut is deemed to be the cost of such timber shall not preclude the taxpayer from computing its inventories upon the basis of cost or market, whichever is... 
