If the property was acquired after December 31, 1920, by a transfer in trust (other than by a transfer in trust by a gift, 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... The Income Tax in Great Britain and the United States - Page 129by Harrison B. Spaulding - 1927 - 320 pagesFull view - About this book
| United States. Court of Claims - 1942 - 818 pages
...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 was made. * * * For some years prior to 1925 the plaintiff was the manufacturer of steel piping. In that year,... | |
| United States. Internal Revenue Service - 1924 - 396 pages
...in trust, other than by a transfer in trust by bequest or devise, the basis shall be the same as it would be in the hands of the grantor, increased in...applicable to the year in which the transfer was made. This article is not applicable, however, to property acquired by bequest, devise, or inheritance, as... | |
| 1924 - 1022 pages
...it applies in the case of a transfer in trust, wherein It states "The basis shall be the same as it would be in the hands of the grantor, Increased in the amount of the gain or decreased in the amount of the loss;" which seems to imply that the basis of cost would... | |
| Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...in trust (other than by a transfer in trust by bequest or devise) the basis shall be the same as it would be in the hands of the grantor, increased in...applicable to the year in which the transfer was made. The provisions of this paragraph shall not apply to the acquisition of such property interests as are... | |
| Irving Bank-Columbia Trust Company - 1925 - 152 pages
...in trust (other than by a transfer in trust by bequest or devise) the basis shall be the same as it would be in the hands of the grantor, increased in...applicable to the year in which the transfer was made. The provisions of this paragraph shall not apply to the acquisition of such property interests as are... | |
| John F. Sherwood - 1925 - 206 pages
...in trust (other than by a transfer in trust by bequest or devise) the basis shall be the same as it would be in the hands of the grantor, increased in...applicable to the year in which the transfer was made. The provisions of this paragraph shall not apply to the acquisition of such property interests as are... | |
| United States. Congress. House. Committee on Ways and Means - 1925 - 1154 pages
...Increased in the amount of gain or decreased In the amount of loss recognized to the transferor upon sucb transfer under the law applicable to the year in which the transfer was made." Both these sections should be amended by making in (7) the effective date "December 31, 1924," instead... | |
| Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...in trust (other than by a transfer in trust by bequest or devise) the basis shall be the same as it would be in the hands of the grantor, increased in...applicable to the year in which the transfer was made. The provisions of this paragraph shall not apply to the acquisition of such property interests as are... | |
| Eric Louis Kohler - 1927 - 618 pages
...in trust (other than by a transfer in trust by bequest or devise) the basis shall be the same as it would be in the hands of the grantor, increased in...applicable to the year in which the transfer was made. The provisions of this paragraph shall not apply to the acquisition of such property interests as are... | |
| Nathan William MacChesney - 1927 - 960 pages
...in trust (other than by a transfer in trust by bequest or devise) the basis shall be the same as it would be in the hands of the grantor, increased in...applicable to the year in which the transfer was made. . . .; (4) If the property was acquired by gift or transfer in trust on or before December 31, 1920,... | |
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