 | United States. Board of Tax Appeals - Taxation - 1937 - 1380 pages
...of such property to the corporation was property or money In addition to such stock or securities), then the basis shall be the same as It would be In...hands of the transferor, increased In the amount of pain or decreased In the amount of loss recoimlzed to the transferor upon such transfer under the law... | |
 | United States - Session laws - 1939 - 780 pages
...grantor, increased in the amount of gain or decreased in the amount of loss recognized to the grantor upon such transfer under the law applicable to the year in which the transfer was made. (4) GlFT OR TRANSFER IN TRUST BEFORE JANUARY 1, 1921. If the groperty was acquired by gift or transfer... | |
 | United States. Congress. Senate. Select Committee on Small Business - 1956 - 134 pages
...June 22, 1954, as paid-in-surplus or as a contribution to capital, the basis is the same as it was in the hands of the transferor, increased in the amount of gain recognized to the transferor on the transfer. HOWEVER, IF PROPERTY OTHER THAN MONEY is acquired on... | |
 | United States. Tax Court - Taxation - 1958 - 1388 pages
...• ••*•• • (7) TRANSFERS TO CORPORATION. — If the property was acquired — ****** • (B) In a taxable year beginning after December 31,...the law applicable to the year In which the transfer vtt made. • • • •SEC. 112. RECOGNITION OF GAIN OR LOSS. requires that the basis of the property... | |
 | United States. Tax Court - Law reports, digests, etc - 1958 - 1368 pages
...property was acquired — • *•**»• (B) In a taxable year beginning after December 31, 1035, by a corporation In connection with a reorganization,...the amount of loss recognized to the transferor upon guch transfer under the law applicable to the year In which the transfer was made. • • • •SEC.... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1958 - 1176 pages
...property was acquired by a corporation in connection with a reorganization to which this part applies, then the basis shall be the same as it would be In...of the transferor, increased in the amount of gain recognized to the transferor on such transfer. "(2) ADJUSTMENT OP BASIS OF STOCK OF ACQUIRING CORPORATION... | |
 | United States. Tax Court - Law reports, digests, etc - 1959 - 1608 pages
...corporation In connection with a reorganization, then the basis shall be the same as It would be In the bands of the transferor, Increased In the amount of gain...applicable to the year In which the transfer was made. • • • SEC. 112. RECOGNITION OF GAIN OR LOSS. (b) EXCHANGES SOLELY IN KIND. — >••••••... | |
 | United States. Congress. House. Committee on Ways and Means - Corporations - 1959 - 1064 pages
...property was acquired by a corporation in connection with a reorganization to which this part applies, then the basis shall be the same as it would be in...of the transferor, Increased in the amount of gain recognized to the transferor on such transfer. "(2) ADJUSTMENT OF BASIS OF STOCK OF ACQUIRING CORPORATION... | |
 | United States. Tax Court - Law reports, digests, etc - 1947 - 1354 pages
...those exceptions.5 The applicable provisions of section 113 (a) of the Internal Revenue Code are : SEC. 113. ADJUSTED BASIS FOR DETERMINING GAIN OR LOSS....applicable to the year in which the transfer was made * * *. [Emphasis supplied.] (8) PROPERTY ACQUIRED BY ISSUANCE OF STOCK OB AS PAID IN SURPLUS. — If... | |
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... (B) as paid-in surplus or as a contribution to capital, then the basis shall be the same as it would be in the hands of the transferor, increased in the amount of gain or decreased in the amount of loss recognized to the transferor upon such transfer... 
