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" ... 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 530
by United States. Board of Tax Appeals - 1934
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

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)...
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Cases on Federal Taxation, Volume 1

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)...
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Income Tax Procedure ...

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...
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Income Tax Procedure ...

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....
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Income Tax Procedure ...

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...
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Regulations 74 Relating to the Income Tax Under the Revenue Act of 1928

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....
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Regulations 77 Relating to the Income Tax Under the Revenue Act of 1932

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....
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Regulations 86 Relating to the Income Tax Under the Revenue Act of 1934

United States. Bureau of Internal Revenue, United States. Internal Revenue Service - Income tax - 1935 - 502 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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Comparison of the Revenue Acts of 1934 and 1936

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...
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Regulations 94 Relating to the Income Tax Under the Revenue Act of 1936

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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