 In the case of an individual, losses sustained during the taxable year and not compensated for by insurance or otherwise — (1) if incurred in trade or business; or (2) if incurred in any transaction entered into for profit, though not connected with...  Income Tax Procedure - Page 628by Robert Hiester Montgomery - 1920Full view - About this book
 | New York (State) - Session laws - 1935 - 1272 pages
...hereby amended to read as follows: 5. Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any...entered into for profit, though not connected with the taxpayer's trade or business; but in the case of a taxpayer other than a resident of the state, only... | |
 | United States. Court of Claims - Law reports, digests, etc - 1940 - 772 pages
...of 1928 (45 Stat. 791) permits a deduction of losses — incurred in trade or business; or incurred in any transaction entered into for profit, though not connected with the trade or business. The plaintiff was the chairman of the board of the Norfolk Ledger-Dispatch, an evening newspaper. He... | |
 | New York (N.Y.). Tax Commission - Taxation - 1919 - 106 pages
...otherwise, if incurred in trade or business. 5. Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any...with the trade or business ; but in the case of a taxpayer other than a resident of the state, only as to such transactions within the state. 6. Losses... | |
 | Alabama - Law - 1919 - 1476 pages
...if incurred in trade or business, (e) Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any...connected with the trade or business; but in the case of a taxpayer other than a resident of the State, .only as to such transactions within the State, (f ) Losses... | |
 | Henry Montefiore Powell - Corporations - 1919 - 708 pages
...allowable: losses, not in business or trade. 5. Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any...connected with the trade or business; but in the case of a taxpayer other than a resident of the stale, only as to such transactions within the state. Loss —... | |
 | Ewell D. Moore - Taxation - 1919 - 44 pages
...otherwise, if incurred in trade or business; 5. Losses sustained in the taxable year and not compensated for by insurance or otherwise, if incurred in any...though not connected with the trade or business; but in case of a non-resident alien individual only as to such transactions in the US; 6. Losses sustained... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...citizens and residents may deduct all losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any...for profit, though not connected with the trade or business.24 Under the 1916 Law, a citizen was permitted to deduct the losses actually sustained in... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...such transactions within the United States; (6) Losses sustained during the taxable year of property not connected with the trade or business (but in the case of a nonresident alien individual only property within the United States) if arising from fires, storms, shipwreck, or other casualty, or... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...such transactions within the United States; (6) Losses sustained during the taxable year of property not connected with the trade or business (but in the case of a nonresident alien individual only property within the United States) if arising from fires, storms, shipwreck, or other casualty, or... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...transactions within the United States; 67. (6) Losses sustained during the taxable year of property not connected with the trade or business (but in the case of a nonresident alien individual only property within the United States) if arising from fires, storms, shipwreck, or other casualty, or... | |
| |
