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Page 186
... basis therein . A recognizes ordinary loss with respect to the equipment , to the extent his undepreciated basis in such equipment exceeds the cash consideration . A recognizes depletable income as to all of the cash consideration , if ...
... basis therein . A recognizes ordinary loss with respect to the equipment , to the extent his undepreciated basis in such equipment exceeds the cash consideration . A recognizes depletable income as to all of the cash consideration , if ...
Page 461
... basis of the obligation to zero , and P would then have an excess loss account of $ 5 with respect to the stock of S. It would seem that the transitional rules are far from clear as to how developments in new Regulations years are ...
... basis of the obligation to zero , and P would then have an excess loss account of $ 5 with respect to the stock of S. It would seem that the transitional rules are far from clear as to how developments in new Regulations years are ...
Page 462
... basis . On December 31 , 1966 , S distributed to P , with respect to its stock , $ 5,000 cash and land , with an adjusted basis to S of $ 6,000 and a fair market value of $ 5,000 . No part of the distribution con- stituted a dividend ...
... basis . On December 31 , 1966 , S distributed to P , with respect to its stock , $ 5,000 cash and land , with an adjusted basis to S of $ 6,000 and a fair market value of $ 5,000 . No part of the distribution con- stituted a dividend ...
Contents
The Thirtieth Year of the Natural Gas Act and Its | 1 |
Title Examination and Division Orders | 29 |
Royalty Problems Incident to the Processing of Natural | 89 |
Copyright | |
13 other sections not shown
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5th Cir agreement allocated amount applied assignment Bankline basis carried interest Comm'r Commission consolidated return contract Corp corporation decision deduction depreciation division order drilling economic interest effect error ref'd excess loss account exemption fact filed Hugoton industry interest owner investment involved land Legal Fdn lessee lessor Magnolia Petroleum Co market value ment mineral Natural Gas net profits interest Oil & Gas oil and gas operator opinion ordinary income overriding royalty ownership partnership party percent Petroleum Phillips Petroleum Co pipeline problem production payment profits interest holder provisions purchase question received recovery Regulations remainderman reserves result Revenue Ruling royalty interest rules Section securities service partner Simplot slant drilling Southwest Exploration Stanolind Subject Properties supra Supreme Court Tax Court taxable taxpayer Texas Texas Co tion tract transaction transfer trust instrument United wellhead