 | United States. Supreme Court - Courts - 1953 - 874 pages
..."(a) DEFINITIONS. — As used in this chapter — "(1) CAPITAL ASSETS. — The term 'capital assets' means property held by the taxpayer (whether or not...with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1955 - 908 pages
...trade or business." Capital assets are defined by section 117 of the Internal Revenue Code of 1939 as "property held by the taxpayer (whether or not connected...with; his trade or business), but does not include * * * property held by the taxpayer primarily for sale to customers in the ordinary course of his trade... | |
 | Wisconsin - Session laws - 1935 - 1308 pages
...asset has been held for more than 10 years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer (whether or not...with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | Wisconsin - Bills, Private - 1935 - 1310 pages
...asset has been held for more than 10 years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer (whether or not...with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | United States. Internal Revenue Service - Corporations - 1950 - 464 pages
...gain or loss from sales of capital assets is derived from sales of property defined as capital assets. The term capital asset means property held by the...with his trade or business), but does not include (1) stock in trade or other property which would properly be included in inventory if on hand at the... | |
 | United States. Internal Revenue Service - Corporations - 1951 - 530 pages
...and tbe taxable year to which carried. Definition of capital assets. — The term "capital assets" means property held by the taxpayer (whether or not...with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | United States. Congress. Senate. Committee on Finance - Finance - 1934 - 630 pages
...and fractions thereof. "(b) Definition*. — For the purposes of this title — "(1) 'Capital assets' means property held by the taxpayer (whether or not...connected with his trade or business) but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...than 10 years. (b) Definition of capital assets. — For the purposes of this title, "capital assets" means property held by the taxpayer (whether or not...with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
 | United States, United States. Congress. House. Committee on Ways and Means - Finance - 1936 - 308 pages
...than 10 years. (b) DEFINITION OF CAPITAL ASSETS. — For the purposes of this title, "capital assets" means property held by the taxpayer (whether or not...with his trade or business) , but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the... | |
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Stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary... 
