 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
 | United States. Board of Tax Appeals - Taxation - 1926 - 1616 pages
...income in an individual tax return of " losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any...profit, though not connected with the trade or business: * * *." The Commissioner has disallowed the deduction on the ground that the alleged loss was not incurred... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...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...in the case of a nonresident alien individual only if the profit, if such transaction had resulted in a profit, would be taxable under this title. No... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...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 - Law - 1928 - 1164 pages
...incurred in trade or business; Same. (5) Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any...in the case of a nonresident alien individual only if the profit, if such transaction had resulted in a profit, would be taxa? ble under this chapter.... | |
 | Virginia - Taxation - 1928 - 328 pages
...subject to taxation in this State. (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 such losses shall be deductible as relate to transactions... | |
 | United States - Finance - 1928 - 268 pages
...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...profit, though not connected with the trade or business; * * * (6) Losses sustained during the taxable year of property not connected with the trade or business... | |
 | Clem Wetzell Collins - Accounting - 1928 - 976 pages
...to such transactions within the United States. Losses sustained during the taxable year of property not connected with the trade or business (but in the case of a non-resident alien individual only property within the United States) if arising from fires, storms, shipwreck, or other casualty, or... | |
 | United States. Board of Tax Appeals - Taxation - 1928 - 1560 pages
...is entitled to deduct losses sustained during the taxable year, 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 arising from fires, storms, etc. There are no further provisions in the Act which allow deductions... | |
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