 ... shall be the same as it would be in the hands of the transferor, increased by the amount of gain recognized to the transferor by reason of such transfer. (c) Political organization defined. For purposes of this section, the term "political organization'...  Staff Recommendations to Revise Subchapter C: Hearing Before the ... - Page 70by United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management - 1986 - 535 pagesFull view - About this book
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1955 - 152 pages
...acquired by a corporation in connection with a reorganization to which the provisions of part III apply is the same as the basis in the hands of the transferor increased by the amount of any gain recognized to the transferor on the transfer. This rule does not apply where the property... | |
 | United States. Congress. House. Committee on Ways and Means - 1961 - 862 pages
...here. The basis of property acquired by a corporation in a reorganization or a section 351 transaction is the same as the basis in the hands of the transferor. The basis of the property in the hands of the taxpayer who acquired property under circumstances where... | |
 | 1976 - 250 pages
...basis of such property in the hands of the political organization shall be the same as it would be in the hands of the transferor, increased by the amount of gain recognized to the transferor, by reason of such transfer. (c) POLITICAL ORGANIZATION DEFINED. For purposes... | |
 | United States. Congress. Senate. Library - 1978 - 372 pages
...basis of such property in the hands of the political organization shall be the same as it would be in the hands of the transferor, increased by the amount of gain recognized to the transferor by reason of such transfer. (c) Political organization defined. For purposes... | |
 | United States. Department of the Treasury - 1955 - 802 pages
...reorganization. The basis of the property acquired after July 31, 1955, is the same as it would be in the hands of the transferor, increased by the amount of gain recognized. The act is applicable to taxable years beginning before December 31, 1957. Public Law 629,... | |
 | Thomas M. Durbin - 1984 - 398 pages
...basis of such property in the hands of the political organization shall be the same as it would be in the hands of the transferor, increased by the amount of gain recognized to the transferor by reason of such transfer. (c) Political organization defined. For purposes... | |
 | Deborah H. Schenk - 2017 - 858 pages
...its own stock or securities.52 The corporation's basis in the transferred assets is the same as that of the transferor increased by the amount of gain, if any, recognized by the transferor.53 [6]— Situation Where Sale Is Preferred If all of the requirements are met, the transfer... | |
 | 2000 - 586 pages
...contract acquired as part of the transaction is generally limited to the adjusted basis of such contract in the hands of the transferor, increased by the amount of gain, if any, recognized by the transferor on the transfer of the contract. Moreover, not more than 50 percent of the consideration from the transaction... | |
 | United States. Congress. Senate - 2000 - 1220 pages
...basis of such property in the hands of the political organization shall be the same as it would be y el recognized to the transferor by reason of such transfer. (c) Political organization defined. 473.3... | |
 | 2003 - 1082 pages
...corporation of property acquired in a transaction to which section 351 applies is the same as it would be in the hands of the transferor, increased by the amount of gain recognized by the transferor on the transfer of such property. lRC § 362(a). As described above, section... | |
| |
