 When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss be treated as the equivalent of cash to the amount of its fair market value, if any...  The New York Supplement - Page 5101921Full view - About this book
 | Law - 1920 - 496 pages
...202(B), which provides, "When property is exchanged for other property, the property received in exchange shall, for the purpose of determining gain or loss,...treated as the equivalent of cash, to the amount of a fair market value, if any." The converse of this argument is, that when Congress wrote this provision... | |
 | New York (State). Comptroller's Office - Finance - 1919 - 24 pages
...reorganization, merger or consolidation of a corporation, is received in exchange for other property, it shall, for the purpose of determining gain or loss,...equivalent of cash to the amount of its fair market value. (Section 354) 58. What about gain or loss on exchanges of stock or securities in connection with a... | |
 | Robert Hiester Montgomery - Excess profits tax - 1920 - 1304 pages
...recalled, that in general when property is exchanged for other property, the property received "shall emain closed until the pressure does not build up more than I per cent of th 3See page 372. if any," but that a transaction shall be considered a continuing one rather than a closed... | |
 | New York (N.Y.). Tax Commission - Taxation - 1919 - 106 pages
...Exchange of property. When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss...in place of stock or securities owned by him, new stock or securities of no greater aggregate par or face value, no gain or loss shall be deemed to occur... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...that date; and (b) When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss...reorganization, merger, or consolidation of a corporation a person receives in place of stock or securities owned by him new stock or securities of no greater... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...(par. 31). 29. (b) When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss...reorganization, merger, or consolidation of a corporation a person receives in place of stock or securities owned by him new stock or securities of no greater... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...with section 203. (b) When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss...reorganization, merger, or consolidation of a corporation a person receives in place of stock or securities owned by him new stock or securities of no greater... | |
 | Ewell D. Moore - Taxation - 1919 - 44 pages
...according to the next section (203). (b) When property is exchanged, the property received in exchange is treated as the equivalent of cash to the amount of...reorganization, merger or consolidation, of a corporation a person received in place of stock or securities new stock or securities of no greater aggregate value,... | |
 | New York (State) - Administrative courts - 1919 - 520 pages
...reorganization, merger or consolidation of a corporation, is received in exchange for other property, it shall, for the purpose of determining gain or loss,...equivalent of cash to the amount of its fair market value. ยง 354. 58. What about gain or loss on exchanges of stock or securities in connection with a reorganization,... | |
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