 ... new residence") is purchased and used by the taxpayer as his principal residence, gain (if any) from such sale shall be recognized only to the extent that the taxpayer's adjusted sales price (as defined in subsection (b) ) of the old residence exceeds...  Internal Revenue Cumulative Bulletin - Page 493by United States. Internal Revenue Service - 1978Full view - About this book
 | United States - 1953 - 1744 pages
...residence, gain (if any) from such sale shall be recognized only to the extent that the taxpayer's selling h sales the allocable portion of the deductions from gross income which are allowable u (2) Rules for application of subsection. For the purposes of this subsection: (A) An exchange by the... | |
 | United States. National Commission on Urban Problems - 1948 - 774 pages
...year reinvests the proceeds in another home, there is no current tax on the gain. More specifically, gain is recognized only to the extent that the "adjusted sales price" of the old residence exceeds the cost of the new one. "Fixing up" expenses, such as papering and painting, during a 90-day period prior... | |
 | 2002 - 876 pages
...(after December 31. 1953) of an old residence will be recognized only to the extent that the taxpayer's adjusted sales price of the old residence exceeds...the taxpayer's cost of purchasing the new residence, provided that the taxpayer either (i) within a period beginning 18 months (one year in the case of... | |
 | 1993 - 660 pages
...(after December 31, 1953) of an old residence will be recognized only to the extent that the taxpayer's adjusted sales price of the old residence exceeds...the taxpayer's cost of purchasing the new residence, provided that the taxpayer either (i) within a period beginning 18 months (one year in the case of... | |
 | 1999 - 838 pages
...(after December 31, 1953) of an old residence will be recognized only to the extent that the taxpayer's adjusted sales price of the old residence exceeds...the taxpayer's cost of purchasing the new residence, provided that the taxpayer either (i) within a period beginning 18 months (one year in the case of... | |
 | 1961 - 636 pages
...recognized only to the extent that the taxpayer's adjusted sales price (as denned in subsection (b)) of the old residence exceeds the taxpayer's cost of purchasing the new residence. (b) Adjusted sale price defined — (1) In general. For purposes of this section, the term "adjusted... | |
 | 1960 - 880 pages
...recognized only to the extent that the taxpayer's adjusted sales price (as denned In subsection ili)) of the old residence exceeds the taxpayer's cost of purchasing the new residence. (b) Adjusted sale price defined — (1) In general. For purposes of this section, the term "adjusted... | |
 | United States. Internal Revenue Service - 1964 - 744 pages
...sale, purchases property which he uses as his new principal residence, any gain realized on the sale is recognized only to the extent that the adjusted sales price of the old residence exceeds the cost of the new residence. Section 1.1034-1 (b) of the Income Tax Regulations provides, in part, (1)... | |
 | United States, Walter Elbert Barton - 1953 - 708 pages
...or conversion described in subparagraph (A) or (B), in determining the extent to which the selling price of the old residence exceeds the taxpayer's cost of purchasing the new residence, the amount realized by the taxpayer upon such exchange or conversion shall be considered the selling... | |
 | New York (State) - 1953 - 1520 pages
...principal residence, pain from such sale shall be recognized only to the extent that the taxpayer's selling price of the old residence exceeds the taxpayer's cost of purchasing the new residence. 2. For the purpose of this section: (a) An exchange by the taxpayer of his residence for other property... | |
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