 | Robert Hiester Montgomery - Excess profits tax - 1919 - 1016 pages
...into for profit.— Under Section 214 (a-5) of the 1918 law an individual may deduct all net losses "if incurred in any transaction entered into for profit, though not connected with the trade or busiriess." The chief factors which decide the deductibility of this class of losses are : (1) The... | |
 | United States. Board of Tax Appeals - Taxation - 1930 - 1460 pages
...business ; (5) Lo?ses sustained during the taxable year and not compensated for by Insurance or otherwise, If incurred in any transaction entered into for profit, though not connected with the tnule or business; * * * 10) Losses sustained during the taxable year of property not connected with... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...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 the trade or business ; or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...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 the trade or business; or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
 | United States. Board of Tax Appeals - Taxation - 1934 - 1512 pages
...Standard Publishing Co. The determination of that issue depends upon whether the loss was " incurred in any transaction entered into for profit, though not connected with the trade or business " and therefore allowable as a deduction under the provisions of section 23 (e), Revenue Act of 1928.... | |
 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...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 the trade or business ; or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
 | United States, United States. Congress. House. Committee on Ways and Means - Finance - 1936 - 308 pages
...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 the trade or business ; or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
 | United States - Session laws - 1939 - 780 pages
...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 the trade or business ; or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
 | United States. Congress. Senate. Committee on Finance - United States - 1939 - 780 pages
...taxable year and not compensated for by insurance or otherwise — if incurred in trade or business ; or if incurred in any transaction entered into for profit, though not connected with the trade or business ; or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
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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... 
