 Stock in trade 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 year, or property held by the taxpayer primarily for sale to customers in the ordinary...  Reports of the Tax Court of the United States - 342. lappuseautors: United States. Tax Court - 1968Pilnskats - Par šo grāmatu
 | United States. Congress. Senate. Committee on the Judiciary - 1985 - 492 lapas
...prior asset basis; and "E" for Other. .... . . . "Capital assets" defined.— The term "capital assets" means property held by the taxpayer (whether or not connected with his trad* or business) but does XOT include— • {a) stock in trade or other property of a kind properly... | |
 | United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - 1993 - 774 lapas
...Colortyme ' s inventory is not a capital asset. The Internal Revenue Code defines a capital assets as: property held by the taxpayer (whether or not connected...taxable year or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business; IRC 1221 (1992). Section 79-32,... | |
 | 2000 - 586 lapas
...treatment for options dealers and commodities dealers Present Law In general, gain or loss on the sale of stock in trade of the taxpayer or other property of a kind which would properly be included in inventory, or property that is held by the taxpayer primarily for sale... | |
 | United States. Congress. Joint Committee on Taxation - 2001 - 620 lapas
...property held by the taxpayer other than certain listed exceptions. A principal exception applies to "stock in trade of the taxpayer or other property...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business."58 This exception is intended... | |
 | United States. Congress. Senate - 2000 - 1220 lapas
...CAPITAL GAINS AND LOSSES 474.15 81221. Capital asset defined. (a) In general.—For purposes of this use, respectively, and such procedures supersede other...inconsistent with such other rules; and (2) with the fu ****** • (5) a publication of the United States Government (including the Congressional Record) which... | |
 | United States - 1939 - 780 lapas
...(a) DEFINITIONS. — As used in thisl chapter — (1) CAPITAL ASSETS. — The term "capital assets" means property held by the taxpayer (whether or not...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... | |
 | Bruce R. Hopkins - 2005 - 746 lapas
...augmented deduction is available under the following circumstances: 1. The gift is of property that is o Stock in trade of the taxpayer or other property of a kind that would properly be included in the taxpayer's inventory if on hand at the close of the tax year,39... | |
 | Ronald W. Blasi - 2006 - 950 lapas
...1221(1) provides, in pertinent part: the term "capital asset" means property held by the taxpayer . . . , but does not include — (1) Stock in trade of the...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business . . . ."58 For commercial banks,... | |
 | Joseph B. Darby - 2006 - 542 lapas
...income tax purposes and debt instruments (including accounts receivable).63 4. Class IV assets are stock in trade of the taxpayer or other property of a kind that would properly be included in the inventory of a taxpayer if on hand at the close of the tax year,... | |
 | Glenn R. Carrington - 2007 - 744 lapas
...to Class III assets (most debt instruments, including accounts receivable), then to Class IV assets (stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of taxpayer if on hand at the close of the taxable year,... | |
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