...availed of — (1) For investment purposes only and not for the active conduct of a business, or (2) For the joint production, extraction, or use of property,...selling services or property produced or extracted, if the income of the members of the organization may be adequately determined without the computation...

...availed of (i) for investment purposes only and not for the active con duct of a business, or (ii) for the joint production, extraction, or use of property,...purpose of selling services or property produced or exChapter 1 — Internal Revenue Service traded. The members of such organization must be able to compute...

...availed of either (1) for investment purposes only and not for the active conduct of a business, or (2) for the joint production, extraction, or use of property,...selling services or property produced or extracted. Even if a partnership falls within one of the two foregoing categories, it may not make the election...

...organization from the application of all or part of this subchapter, if such organization is availed of for the joint production, extraction, or use of property,...selling services or property produced or extracted, and if the income of the members of the organization may be adequately determined without the computation...

...— ft) (A) for investment purposes only and not for the active conduct of a business, or HSr1 (B) for the joint production, extraction, or use of property,...selling services or property produced or extracted, if the income of the members of the organization may be adequately determined without the computation...

...— (•H (A) for investment purposes only and not for the active conduct of a business, or HH" (B) for the joint production, extraction, or use of property,...selling services or property produced or extracted, if the income of the members of the organization may be adequately determined without the computation...

...availed of — (A) for investment purposes only and not for the active conduct of a business, or (B) for the joint production, extraction, or use of property,...selling services or property produced or extracted. (4) INFORMATION REQUIRED. — If an organization described in paragraph (3) is excluded from the application...

...for investment purposes only and is not for the active conduct of a business. The members of such an organization must be able to compute their income...necessity of computing partnership taxable income. For additional details concerning statements to be filed, the procedure for revoking an election, information...

...bf. — • ! (A) for investment purposes only and not for the active conduct of a business, or (B) for the joint production, extraction, or use of property,...selling services or property produced or extracted. (4) INFORMATION REQUIRED. — If an organization described in paragraph (3) is excluded from the application...

...(■H MJ for investment purposes only and not for the active conduct of a business, or Hi- (B) tor the joint production, extraction, or use of property,...selling services or property produced or extracted, if the income of the membeis of the organization may be adequately determined without the computation...