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" qualified business indebtedness." The latter term means Indebtedness of the taxpayer if both (1) the indebtedness was Incurred or assumed by a corporation, or by an individual In connection with property used In his trade or business, and also (2) the... "
1983-84 Miscellaneous Tax Bills, II: Hearing Before the Subcommittee on ... - Page 381
by United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management - 1983 - 387 pages
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Code of Federal Regulations: Containing a Codification of Documents of ...

1990 - 1006 pages
...indebtedness. Indebtedness is qualified business indebtedness of the taxpayer only if (i) the indebtedness was incurred or assumed by a corporation, or by an individual in connection with property used in the individual's trade or business, and (ii) such taxpayer makes the election under section 108(d)(4)...
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The Code of Federal Regulations of the United States of America

1987
...indebtedness. Indebtedness is qualified business indebtedness of the taxpayer only if (i) the indebtedness was incurred or assumed by a corporation, or by an individual in connection with property used in the individual's trade or business, and (ii) such taxpayer makes the election under section 108(d)(4)...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1955
...which the taxpayer is liable, or subject to which the taxpayer holds property, if the indebtedness was incurred or assumed by a corporation, or by an individual in connection with the acquisition of property used in his trade or business. However, to exclude such income, the taxpayer...
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Internal Revenue Bulletin

United States. Internal Revenue Service - 1955
...which the taxpayer Is liable, or subject to which the taxpayer holds property, if the Indebtedness was Incurred or assumed by a corporation, or by an individual in connection with the acquisition of property used in his trade or business. However, to exclude such income, the taxpayer...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1981 - 808 pages
...indebtedness. Indebtedness is qualified business indebtedness of the taxpayer only if (i) the indebtedness was incurred or assumed by a corporation, or by an individual in connection with property used in the individual's trade or business, and (ii) such taxpayer makes the election under section 108(d)...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1978 - 638 pages
...included in gross income by reason of the discharge, in whole or in part, within the taxable year, of any properties used in a trade or business and for which the taxpayer is liable, if such taxpayer makes...
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Tax Guide for Small Business

1961
...Bankruptcy Act. Election To Reduce Basis. The amount of income realized on the cancellation of a debt incurred or assumed by a corporation, or by an individual in connection with property used in his trade or business may, under certain conditions, be excluded from income upon election. See your District...
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Miscellaneous Tax Bills: Hearing Before the Subcommittee on ..., Volume 7

United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally - 1979
...credits. •Qualified business indebtedness' was defined in the terms now found in section 10B, ie. as indebtedness incurred or assumed by a corporation,...individual in connection with property used in his trade or business. The JCT Pamphlet regarding the Bill in ito original form, described the Bill as...
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Hearings, Reports and Prints of the Joint Committee on Taxation

United States. Congress. Joint Committee on Taxation - 1979
...and 1017 of the Code). This income exclusion is available if the discharged indebtedness was incurred by a corporation or by an individual in connection with property used in his trade or business. These provisions were intended to allow the. tax on the 'Treas. Regs. 1.01-12(1))...
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Description of H.R. 5043 (Bankruptcy Tax Act of 1979), Scheduled for a ...

United States. Congress. Joint Committee on Taxation - 1979 - 44 pages
...and 1017 of the Code). This income exclusion is available if the discharged indebtedness was incurred by a corporation or by an individual in connection with property used in his trade or business. These provisions were intended to allow the tax on the debt-discharge income to...
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