Fifty Points on the Income Tax for the Individual: Questions and Answers which Simplify the Preparation of the Individual Income Tax Return ...1920 - 41 стор. |
Загальні терміни та фрази
$25 per share 100 shares purchased 200 shares sold A's taxable profit acquired prior Answer automobile B's net income basis for determining business expense cash common stock Cost of stock D's wife deductible from gross depreciation determining the gain earliest purchases face value fair market value February 15 file a return foreclosure gain or loss gift GREATER PAR VALUE gross income husband and wife income during 1920 income tax individual items deductible Liberty Bonds market value March normal tax old stock personal exemption preferred stock prior to March PROPERTY Problem purchased at $80 realized Regulations 45 residence RHODE ISLAND HOSPITAL SALE OF DIVIDEND sale of rights shares of common shares of stock sold 10 shares stock and securities STOCK BOUGHT stock dividend stock or securities STOCK Problem 18 stock sold subsequently sold take an exemption tax purposes tax return taxable income tion transaction Vocational Rehabilitation Act voting trust
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Сторінка 11 - If shares of stock in a corporation are sold from lots purchased at different dates or at different prices and the identity of the lots cannot be determined, the...
Сторінка 17 - If for any taxable year beginning after October 31, 1918, and ending prior to January 1, 1920, it appears upon the production of evidence satisfactory to the Commissioner that any taxpayer has sustained a net loss, the amount of such net loss shall under regulations prescribed by the Commissioner with the approval of the Secretary be deducted from the net income of the taxpayer for the preceding...
Сторінка 10 - ... (1) Where the stock issued as a dividend is all of substantially the same character or preference as the stock upon which the stock dividend is paid, the cost of each share...
Сторінка 14 - States; (2) losses sustained during the taxable year of property not connected with the trade or business if arising from fires, storms, shipwreck, or other casualty, or from theft, and if not compensated for by insurance or otherwise...
Сторінка 4 - ... the cost or fair market value as of March 1, 1913, of the old.
Сторінка 4 - ... the excess of the par or face value of the new stock or securities over the par or face value of the old and...
Сторінка 10 - ... preference as the stock in respect of which the distribution is made. the basis of each share will be the quotient of the cost or other basis of the old shares of stock divided by the total number of the old and the new shares.
Сторінка 17 - ... taxable year, the amount of such excess shall be allowed as a deduction in computing the net income for the next succeeding taxable year; the deduction in all cases to be made under regulations prescribed by the Commissioner with the approval of the Secretary.
Сторінка 11 - ... stock will be presumed to have been made from the stock issued with respect to the earliest purchased stock, to the amount of the dividend chargeable to such stock.