 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
 | United States. Board of Tax Appeals - Taxation - 1926 - 1616 pages
...other property, the property received in exchange shall for the purpose of determining gain or loss he treated as the equivalent of cash to the amount of its fair market value, if any ; hut when in connection with the reorganization, merger, or consolidation of a corporation a person... | |
 | Law reports, digests, etc - 1927 - 1158 pages
...(section 202 [b]) : "(b) When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss...cash to the amount of its fair market value, if any;" Сотр. St. § 6336y 8 bb. The later acts also provide in some manner that taxable income arises... | |
 | Law - 1920 - 490 pages
...(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... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...taxation to meet such cases. In the act of 1918 it provided that property received in exchange should be treated as the equivalent of cash to the amount of its fair market value, if any; in the 1921 act provision was made that on an exchange no gain or loss should be recognized unless... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 pages
...taxability in certain cases was the par value of stock received in a reorganization. Under that law, when, in connection with the reorganization, merger or consolidation of a corporation, a person received, in place of stock or securities owned by him, new stock or securities of no greater... | |
 | United States. Board of Tax Appeals - Taxation - 1927 - 1522 pages
...reads as follows : 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 equh alent of cash to the amount of its fair market value, if any; but when in connection with the... | |
 | Virginia - Taxation - 1928 - 328 pages
...exchanged for other property, the property received in exchange shall, for the purpose of determining the gain or loss, be treated as the equivalent of cash to the amount of its fair market value ; but when in connection with the reorganization, merger or consolidation of a corporation a taxpayer... | |
 | United States. Board of Tax Appeals - Taxation - 1928 - 1582 pages
...thereof; • * * (b) 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 cush to the amount of its fair market value, if any ; * * * The respondent found the fair market value... | |
 | United States. Board of Tax Appeals - Taxation - 1929 - 1604 pages
...exchanged for other property, the property received in exchange shall for the purpose of determining fc'uiu or loss be treated as the equivalent of cash to the...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... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...of the 1918 law : "When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss...cash to the amount of its fair market value, if any ; . . ." and said : DECISION. The notes here involved were unconditional and negotiable. That such... | |
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