Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and IndexDivision of the Federal Register, the National Archives, 1999 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
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Common terms and phrases
accrual period additional depreciation adjusted basis allocated amount of gain amount realized apply basis of property bond capital gain computed debt instru debt instrument December 31 determined disposition distribution earnings and profits erty exchange group fair market value gain or loss gain realized gain recognized gift gift tax graph gross income held holder holding period identified included income under section Internal Revenue Code January justment long-term capital gain long-term capital loss maturity ment mixed straddle obligation option ordinary income paragraph partnership percent poration portion prop property acquired purchase purposes of section pursuant put option qualified intermediary real property recognized under section replacement property respect sale or exchange section 1250 property section 1254 costs section 1256 contract series E bond shareholder sold Special rules spect stock or securities strument subdivision subpara subparagraph taxable income taxable years beginning taxpayer term tion trans transfer transferor treated
Popular passages
Page 57 - If the property was acquired after December 31, 1920, by a transfer in trust (other than by a transfer in trust by a bequest or devise) the basis shall be the same as it would be in the hands of the 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.
Page 118 - One year after the close of the first taxable year in which any part of the gain upon the conversion Is realized...
Page 371 - ... it has been established to the satisfaction of the Secretary or his delegate that such exchange is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.
Page 55 - If the property was acquired by gift after December 31, 1920, the basis shall be the same as it would be in the hands of the donor or the last preceding owner by whom it was not acquired by gift...
Page 78 - ... like kind to be held either for productive use in trade or business or for investment.
Page 117 - ... at least 80 percent of the total combined voting power of all classes of stock entitled to vote, and at least 80 percent of the total number of shares of all other classes of stock (except nonvoting stock which is limited and preferred as to dividends...
Page 117 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Page 118 - In which any part of the gain upon such conversion Is realized, any deficiency, to the extent resulting from such election, for any taxable year ending before such last taxable year may be assessed (notwithstanding the provisions of...
Page 329 - ... (3) Compensation for labor or personal services performed without the United States; (4) Rentals or royalties from property located without the United States or from any interest in such property, including rentals or royalties for the use of or for the privilege of using without the United States...
Page 69 - ... or were applicable in reduction of basis (not including distributions made by a corporation which was classified as a personal service corporation under the provisions of the Revenue Act of 1918 (40 Stat. 1057) , or the Revenue Act of 1921 (42 Stat. 227) , out of its earnings or profits which were taxable in accordance with the provisions of section 218...