 ... 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 under the law applicable to the year in which the transfer...  United States Code - Page 3355by United States - 1953Full view - About this book
 | Administrative law - 1966 - 500 pages
...property to the corporation consisted of property or money In addition to such stock or securities), then the basis shall be the same as It would be In...In the amount of loss recognized to the transferor on such transfer under the law applicable to the year In which the transfer was made. (c) Distributions... | |
 | Administrative law - 1961 - 636 pages
...property to the corporation consisted of property or money in addition to such stock or securities), then the basis shall be the same as it would be in...in the amount of loss recognized to the transferor on such transfer under the law applicable to the year in which the transfer was made. (c) Distributions... | |
 | United States, Walter Elbert Barton - Income tax - 1950 - 1126 pages
...another. Same as 1944. Seo. 113. (a) (16) Basis established by Revenue Act of 1934. Same as 1944. would be in the hands of the transferor, increased in the...applicable to the year in which the transfer was made. If the property was distributed in kind by a partnership to any partner, the basis of such property... | |
 | United States. Tax Court - Taxation - 1950 - 1534 pages
...after December 31, 1920, by a corporation as a contribution to capital shall be the same as it would be in the hands of the transferor, increased in the...transferor upon such transfer under the law applicable The estate tax return, filed with the collector for the first district of Texas, at Austin, Texas,... | |
 | Wisconsin - Session laws - 1951 - 782 pages
...property to the corporation consisted of property or money in addition to such stock or securities), then the basis shall be the same as it would be in...applicable to the year in which the transfer was made. (c) Distributions of stuck ur securities. If the stock or securities were received in a distribution... | |
 | United States. Tax Court - Law reports, digests, etc - 1954 - 1158 pages
...(B) as paid-in surplus or as a contribution to capital, then the basis shall be the same as it would In the hands of the transferor. Increased In the amount...such transfer under the law applicable to the year ID which the transfer was made. the debt for the sale price forgiven. In the Brown Shoe Co. case the... | |
 | United States. Tax Court - Law reports, digests, etc - 1955 - 1466 pages
...corporation was property or money. In addition to such stock or securities), • • * • •••*•• then the basis shall be the same as it would be In...the law applicable to the year In which the transfer wai made. v. Commissioner, 287 US 462 (3^-month notes) ; Commissioner v. Sisto Financial Corporation,... | |
 | 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. 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. — >••••••... | |
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