 | Trust companies - 1924 - 1022 pages
...is also contained In the 1924 Act: Section 204. (3) If the property was acquired after December 1, 1920, by a transfer in trust (other than by a transfer...It would be in the hands of the grantor, Increased iu the amount of gain or decreased in the amount of loss recognized to the grantor upon such transfer... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...ART. 1595. Property acquired by transfer in trust after December 31, 1920. — In the case of property acquired after December 31, 1920, by a transfer 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... | |
 | Nathan William MacChesney - Real estate business - 1927 - 960 pages
...in 'the hands of the donor or the last preceding owner by whom it was not acquired by gift. . . .; (3) If the property was acquired after December 31,...applicable to the year in which the transfer was made. . . .; (5) If the property was acquired by bequest, devise, or inheritance, the basis shall be the... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...was acquired after December 31, 1920, by a transfer in trust (other than by a transfer in trust by a bequest or devise) the basis shall be the same as...acquisition of such property interests as are specified in section 402(c) or (e) of the Revenue Act of 1921, or in section 302(c) or (f) of the Revenue Act of... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 pages
...in trust (other than by a transfer in trust by bequest or devise), the basis will 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 ; 3 (4) If the property was acquired by gift or transfer in trust on or before December 31, 1920, the... | |
 | United States - Finance - 1928 - 268 pages
...was acquired after December 31, 1920, by a transfer in trust (other than by a transfer in trust by a bequest or devise) the basis shall be the same as...applicable to the year in which the transfer was made; (4) GlFT OR TRANSFER IN TRUST BEFORE JANUARY 1, 1921. — If the property was acquired by gift or transfer... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...of property acquired after February 28, 1913, shall be the cost of such property; except that .... (3) If the property was acquired after December 31,...applicable to the year in which the transfer was made." .... If the grantor of the trust had acquired the property prior to December 31, 1920, the basis in... | |
 | Robert Hiester Montgomery - Excess profits tax - 1925 - 1928 pages
...estate created by gift inter vivos after December 31, 1920." *9 REGULATION. In the case of property acquired after December 31, 1920, by a transfer 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... | |
 | United States. Board of Tax Appeals - Taxation - 1930 - 1554 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. The type of transaction referred to in section 203 (b) (4) of the Revenue Act of 1924 is that in which... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...ART. 594. Property acquired by transfer in trust after December 31, 1920. — In the case of property acquired after December 31, 1920, by a transfer in...applicable to the year in which the transfer was made. This article applies to property acquired after December 31, 1920, by a transfer in trust, even though... | |
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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... 
