 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 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 [For nondeductibility of losses from wash sales, see section 118 (a). For deductibility of losses... | |
 | Philippines - Administrative law - 1945 - 1064 pages
...and not compensated for by insurance or otherwise — (A) 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 (C) Of property not connected with the trade or business, if the loss arises from fires, storms,... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 428 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 [For nondeductibility of losses from wash sales, see section 118 (a). For deductibility of losses... | |
 | United States. Tax Court - Law reports, digests, etc - 1947 - 1642 pages
...rear 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 trad* or business ; • • • LM LOCKHART, PETITIONER, y. COMMISSIONER OF INTERNAL REN-EN UE, RESPONDENT.... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1958 - 140 pages
...individual, losses sustained during the taxable year and not compensated for by insurance or otherwise — "(2) If incurred in any transaction entered Into for...profit, though not connected with the trade or business . , . ." application of the equitable doctrine of subrogation. No one contends that petitioner acquired... | |
 | United States. Tax Court - Law reports, digests, etc - 1959 - 1372 pages
...the claimed loss is deductible under section 23 (e) (2), which provides for the deduction of losses "if incurred in any transaction entered into for profit,...though not connected with the trade or business." Kespondent contends that no deduction is allowable under this section because the transaction involved... | |
 | Law reports, digests, etc - 1921 - 1544 pages
...business;" "losses 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 trade or business; but in the 'case of a nonresident alien individual only as to such transactions within the United States;"... | |
| |
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... 
