 In the case of a taxpayer, other than a corporation, only the following percentages of the gain or loss recognized upon the sale or exchange of a capital asset shall be taken Into account In computing net capital gain, net capital loss, and net Income...  Reports of the Tax Court of the United States - Page 794by United States. Tax Court - 1956Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1959 - 1028 pages
...written said that only 50 percent of the gain on the sale of a capital asset held for more than 6 months "shall be taken into account in computing net capital gain, net capital loss and net income." [Italics added.] The provisions of the Eevenue Act of 1938 (52 Stat. 447) were the same except that... | |
 | Wisconsin - Session laws - 1935 - 1308 pages
...than a corporation, only the following percentages of the gain or loss recognized upon the sale or exchange of a capital asset shall be taken into account in computing net income: 100 per centum if the capital asset has been held for not more than 1 year; 60 per centum if... | |
 | Wisconsin - Bills, Private - 1935 - 1310 pages
...than a corporation, only the following percentages of the gain or loss recognized upon the sale or exchange of a capital asset shall be taken into account in computing net income: 100 per centum if the capital asset has been held for not more than 1 year; 60 per centum if... | |
 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...than a corporation, only the following percentages of the gain or loss recognized upon the sale or exchange of a capital asset shall be taken into account in computing net income : 100 per centum If the capital asset has been held for not more than 1 year; 80 per centum... | |
 | United States. Congress. Senate. Committee on Finance - 1936 - 286 pages
...the case of a taxpayer, other than a corporation, the whole of the gain recognized upon the sale or exchange of a capital asset shall be taken into account in computing net income. Mr. CHESTEEN. Yes. Senator GUFFEY. That is a good provision. Mr. CHESTEEN. The Nye committee... | |
 | United States - Session laws - 1939 - 780 pages
...than a corporation, only the following percentages of the gain or loss recognized upon the sale or exchange of a capital asset shall be taken into account in computing net income : 100 per centum if the capital asset has been held for not more than 18 months; 66% per centum... | |
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