| United States. Congress. House. Committee on Ways and Means - 1966 - 76 pages
...respect to any property whenever the indebtedness was incurred in acquiring or improving the property or would not have been incurred "but for" the acquisition or improvement of the property. If an indebtedness is incurred after the property was acquired or improved, it would have to meet a... | |
| United States. Congress. Senate. Committee on Finance - 1969 - 406 pages
...established for churches, and it is not required that the property be in the neighborhood of the church. 64 would not have been incurred "but for" the acquisition or improvement of the property. Thus, for example, where a church has a portfolio of investments with no debt, and subsequently incurs... | |
| United States - 1969 - 240 pages
...acquiring or improving the property, (2) incurred before the acquisition or improvement, provided the indebtedness would not have been incurred but for the acquisition or improvement, or (3) incurred after the acquisition or improvement, provided the indebtedness would not have been... | |
| United States. Internal Revenue Service - 1970 - 744 pages
...whenever the indebtedness was incurred in acquiring or improving the property, or the indebtedness [65] would not have been incurred "but for" the acquisition or improvement of the property. Thus, for example, where a church has a portfolio of investments with no debt, and subsequently incurs... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - 1976 - 104 pages
...respect to property whenever the indebtedness was incurred in acquiring or improving the property, or the indebtedness would not have been incurred "but for" the acquisition or improvement of the property.2 Where property is acquired subject to a "mortgage or other similar lien," the debt secured... | |
| United States. Congress. Joint Committee on Taxation - 1976 - 710 pages
...respect to property if the debt was incurred in acquiring or improving the property, or if the debt would not have been incurred "but for" the acquisition or improvement of the property.2 Where property "is acquired subject to a mortgage or other similar lien," the debt secured... | |
| United States. Congress. Senate. Committee on Finance - 1976 - 184 pages
...with respect to property if the debt was incurred in acquiring or improving the property, or the debt would not have been incurred "but for" the acquisition or improvement of the property.2 Where property "is acquired subject to a mortgage or other similar lien," the debt secured... | |
| United States. Congress. Joint Committee on Taxation - 1979 - 1570 pages
...respect to property if the debt was incurred in acquiring or improving the property, or if the debt wouM not have been incurred "but for" the acquisition or improvement of the property.2 The provisions relating to unrelated debt-financed income generally applied to taxable years... | |
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