... shall be allocated between the properties (other than money) received, and for the purpose of the allocation there shall be assigned to such other property an amount equivalent to its fair market value at the date of the exchange. Reports of the U.S. Board of Tax Appeals - Page 530by United States. Board of Tax Appeals - 1934Full view - About this book
| United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...type of property permitted by paragraph (1), (2), (3), or (4) of subdivision (b) of section 203, to be received without the recognition of gain or loss,...and in part of other property, the basis provided in the preceding paragraph of this article shall be allocated between the properties (other than money)... | |
| Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...type of property permitted by paragraph (1), (2), (3), or (4) of subdivision (b) of section 203, to be received without the recognition of gain or loss,...and in part of other property, the basis provided in the preceding paragraph of this article shall be allocated between the properties (other than money)... | |
| Robert Hiester Montgomery - Excess profits tax - 1925 - 1928 pages
...article shall be allocated between the properties (other than money) received. For the purpose of this allocation, there shall be assigned to such other...its fair market value at the date of the exchange. Example. — A purchased a share of stock in the X company in 1920 for $100. Upon a reorganization... | |
| Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...in part of the type of property permitted by paragraphs (i), (2), (3), or (4) of section 203 (b) to be received without the recognition of gain or loss,...and in part of other property, the basis provided in the first paragraph of this article shall be allocated between the properties (other than money) received.... | |
| Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...with respect to which the transaction is to be continued shall be one which will assign to such "boot" property "an amount equivalent to its fair market value at the date of the exchange." The following example shows the application of this rule of allocation when no gain arises from such... | |
| United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...in part of the type of property permitted by paragraph (1), (2), (3), or (4) of section 112 (b) to be received without the recognition of gain or loss,...and in part of other property, the basis provided in the first paragraph of this article shall be allocated between the properties (other than money) received.... | |
| United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...in part of the type of property permitted by paragraph (1), (2), (3), or (4) of section 112 (b) to be received without the recognition of gain or loss,...and in part of other property, the basis provided in the first paragraph of this article shall be allocated between the properties (other than money) received.... | |
| United States, United States. Congress. House. Committee on Ways and Means - Finance - 1936 - 308 pages
...the property so acquired consisted in part of the type of property permitted by section 112 (b) to be received without the recognition of gain or loss,...value at the date of the exchange. This paragraph shah1 not apply to property acquired by a corporation by the issuance of its stock or securities as... | |
| United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...the exchange. For the purpose of the allocation of such basis to the properties received, there must be assigned to such other property an amount equivalent...its fair market value at the date of the exchange. Example: A purchased a share of stock in the X Corporation in 1924 for $100. Upon a reorganization... | |
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