 | United States. Court of Claims - Law reports, digests, etc - 1936 - 940 pages
...Revenue Act of 1928, provides that "(d) Gain or loss upon disposition of installment obligations. — If an installment obligation is satisfied at other...difference between the basis of the obligation and (1) in the case of satisfaction at other than face value or a sale or exchange — the amount realized,... | |
 | United States - Finance - 1928 - 268 pages
...prior year shall not be excluded. (d) Gain or loss upon disposition of installment obligations. — If an installment obligation is satisfied at other...difference between the basis of the obligation and (1) in the case of satisfaction at other than face value or a sale or exchange — the amount realized,... | |
 | United States. Board of Tax Appeals - Taxation - 1930 - 1618 pages
...SEC. 44. INSTALLMENT BASIS. ******* (d) Gain or loss upon dixpomtian of installment obligation. — If an Installment obligation is satisfied at other...difference between the basis of the obligation and (1) In the case of satisfaction at other than face value or a sale or exchange — the amount realized,... | |
 | United States. Congress. Senate. Committee on Finance - Finance, Public - 1932 - 1476 pages
...paragraph (d), which reads as follows: (fl) Gain or loss upon disposition of installment obligations, — If an installment obligation is satisfied at other...difference between the basis of the obligation and (1) in the case of satisfaction at other than face value or a sale or exchange, the amount realized;... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...prior year shall not be excluded. (d) Gain or loss upon disposition of installment obligations.—If an installment obligation is satisfied at other than...difference between the basis of the obligation and (1) in the case of satisfaction at other than face value or a sale or exchange—the amount realized,... | |
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If an installment obligation is satisfied at other than its face value or distributed, transmitted, sold, or otherwise disposed of, gain or loss shall result to the extent of the difference between the basis of the obligation... 
