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Section 213(b). Gross income defined: exclusions.-

Article 71. Exclusions from gross income-----

72. Proceeds of insurance Compensation-Pensions_-

73. Gifts and bequests.-

74. Interest upon State obligations--

75. Dividends and interest from Federal land banks, Federal

intermediate credit banks, and national farm loan asso-

tions.

76. Dividends from Federal reserve bank.

77. Interest upon United States obligations.-

78. Liberty bond exemptions, as amended and supplemented

by the Revenue Act of 1924..

79. Liberty bond exemption under Second, Third, and Fourth

Liberty Bond Acts_-

80. Exemption of Treasury (war) savings certificates ---

81. Liberty bond exemption under Supplement to Second

Liberty Bond Act, as amended and supplemented by the

Revenue Act of 1924.---

82. Summary of tax exemptions of Liberty bonds, Treasury

bonds, Treasury notes, Treasury certificates of indebt-

edness, and Treasury (war) savings certificates...

83. Liberty bond exemption in the case of trusts or partner-

ships-----

84. Liberty bond exemption in the case of nonresident aliens_

85. Return for fiscal year ending in 1924.-

86. Income of foreign governments, ambassadors, and consuls..

87. Income of States ---

88. Compensation of State officers and employees --

89. Additional exclusions from gross income--

90. Income accrued prior to March 1, 1913..

91. Subtraction for redemption of trading stamps---

Section 213(c). Gross income defined: nonresident alien individual..

Article 92. Gross income of nonresident alien individuals.---

93. When the wages of a nonresident alien seaman are de-

rived from sources within the United States..

Section 214(a) (1). Deductions allowed individuals: business ex-

penses

Article 101. Business expenses.

102. Traveling expenses.

103. Cost of materials.-

104. Repairs

105. Professional expenses.-

106. Compensation for personal services_

107. Treatment of excessive compensation.

108. Bonuses to employees_----

109. Pensions-Compensation for injuries.

110. Rentals

111. Expenses of farmers.

112. When charges deductible_-

Section 214(a) (2). Deductions allowed individuals: interest

Article 121. Interest

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Section 214(a) (3). Deductions allowed individuals: taxes.-

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Article 131. Taxes

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132. Federal duties and excise taxes.-

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133. Taxes for local benefits ---

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134. Federal estate and State inheritance taxes_-

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135. Tax on stock..

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Section 214(a) (4), (5), and (6). Deductions allowed individuals:

losses

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Article 141. Losses

142. Voluntary removal of buildings..

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143. Loss of useful value----

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144. Shrinkage in value of stocks.

145. Losses of farmers.

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146. Losses from the sale and repurchase of securities.

Section 214(a) (7). Deductions allowed individuals: bad debts_-

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Article 151. Bad debts_---

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152. Examples of bad debts_-

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153. Uncollectible deficiency upon sale of mortgaged or

pledged property--

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154. Worthless securities.

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155. Reserve for bad debts...--

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Section 214(a) (8). Deductions allowed individuals: depreciation - 54

Article 161. Depreciation

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162. Depreciable property---

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163. Depreciation of intangible property-

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164. Capital sum recoverable through depreciation allow-

ances

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165. Method of computing depreciation allowance_

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166. Obsolescence

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167. Depreciation of patent or copyright-

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168. Depreciation of drawings and models.

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169. Charging off depreciation.

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170. Closing depreciation account..

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171. Depreciation in the case of farmers--

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Section 214(a) (9). Deductions allowed individuals: depletion.---- 58

Article 201. Depletion of mines, oil and gas wells; depreciation of im-

provements

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202. Amount returnable through depletion and depreciation

deductions in the case of an operating owner--

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203. Amount returnable through depletion and depreciation

deductions in the case of lessee__

204. Amount returnable through depletion and depreciation

in case of lessor -----

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205. Determination of cost of deposits.

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206. Determination of fair market value of mineral property

other than oil and gas_-

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207. Determination of fair market value of oil and gas prop-

erties---

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208. Revaluation of mineral deposits not allowed.--.

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209. Determination of mineral contents of mine.

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210. Determination of quantity of oil in ground--------

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211. Computation of deduction for depletion of mineral de-

posits---

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given year.

232. Revaluation of timber not allowed.

233. Charges to capital and to expenses in the case of timber-

234. Depreciation of improvements in the case of timber_

235. Information to be furnished by taxpayer claiming deple-

tion of timber---

236. Determination of fair market value of timber.

237. Determination of quantity of timber----

238, Aggregating timber and land for purposes of valuation

and accounting---

239. Timber depletion and depreciation accounts on books_-

Section 214(a) (10). Deductions allowed individuals: contributions

or gifts_--

Article 251. Contributions or gifts

Section 214 (b). Deductions allowed: nonresident alien individual.-

Article 271. Deductions allowed nonresident alien individuals..

Section 215. Items not deductible_-

Article 291. Personal and family expenses.

292. Capital expenditures_-

293. Premiums on business insurance.

294. Life or terminable interests_

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