| United States. Board of Tax Appeals - Taxation - 1926 - 1616 pages
...return of " losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any transaction entered into for profit, though not connected with the trade or business: * * *." The Commissioner has disallowed the deduction on the ground that the alleged loss was not incurred... | |
| Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...business ; (5) Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any transaction entered into for profit, though not connected with the trade or business; but in the case of a nonresident alien individual only if the profit, if such transaction had resulted... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...year and not compensated for by insurance or otherwise — (1) if incurred in trade or business; or (2) if incurred in any transaction entered into for...profit, though not connected with the trade or business; or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
| Eric Louis Kohler - Income tax - 1927 - 618 pages
...business; (5) Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any transaction entered into for profit, though not connected with the trade or business; but in the case of a nonresident alien individual only if the profit, if such transaction had resulted... | |
| United States - Finance - 1928 - 268 pages
...year and not compensated for "by insurance or otherwise — (1) if incurred in trade or business; or (2) if incurred in any transaction entered into for...profit, though not connected with the trade or business; or (3) of property not connected with the trade or business, if the loss arises from fires, storms,... | |
| Virginia - Taxation - 1928 - 328 pages
...State. (e) Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any transaction entered into for profit, though not connected with the trade or business, but in the case of a taxpayer other than a resident of the State, only such losses shall be deductible... | |
| United States - Law - 1928 - 1164 pages
...Same. (5) Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any transaction entered into for profit, though not connected with the trade or business; but in the case of a nonresident alien individual only if the profit, if such transaction had resulted... | |
| Robert Hiester Montgomery - Excess profits tax - 1923 - 1760 pages
...however, (i) losses sustained during the taxable year and not compensateu tor by insurance or otherwise, if incurred in any transaction entered into for profit, though not connected with the trade or business, are deductible only ii and to the extent that the profit, if such transaction had resulted in a prolit,... | |
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