 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1963 - 938 pages
...shall be the excess of the amount realized therefrom over the adjusted basis provided in section 1011 for determining gain, and the loss shall be the excess...determining loss over the amount realized. (b) Amount Realised. — The amount realized from the sale or other disposition of property shall be the sum of... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...tear, obsolescence, amortization, or depletion, previously allowed with respect to such property. (c) The amount realized from the sale or other disposition...the sum of any money received plus the fair market valtie of the property (other than money) received. (d) In the ease of a sale or exchange, the extent... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...obsolescence, amortization, or depletion, previously allowed with respect to such property. SEC. 202. (e) The amount realized from the sale or other disposition...value of the property (other than money) received. SEC. 202. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...tear, obsolescence, amortization, or depletion, previously allowed with respect to such property. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under this section... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...used in computing the gain or loss derived from the sale of property. The Law further provides that the amount realized from the sale or other disposition...received plus the fair market value of the property received. The provision in the 1924 Act for using the "fair market value" of the property received... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...tear, obsolescence, amortization, or depletion, previously allowed with respect to such property. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under this section... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...of exhaustion, wear and tear, obsolescence, and depletion actually sustained before such date. (c) Amount realized. — The amount realized from the...value of the property (other than money) received. (d) Recognition of gain or loss. — In the case of a sale or exchange, the extent to which the gain... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 pages
...of exhaustion, wear and tear, obsolescence, and depletion actually sustained before such date. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under this section... | |
 | Nathan William MacChesney - Real estate business - 1927 - 960 pages
...of exhaustion, wear and tear, obsolescence, and depletion actually sustained before such date. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. For this reason it becomes necessary to know at this time what amounts of depreciation are annually... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...of exhaustion, wear and tear, obsolescence, and depletion actually sustained before such date. (c) The amount realized from the sale or other disposition...value of the property (other than money) received. (d) In the case of a sale or exchange, the extent to which the gain or loss determined under this section... | |
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Amount realized. — The amount realized from the sale or other disposition of property shall be the sum of any money received plus the fair market value of the property (other than money) received. 
