...chapter — "(1) CAPITAL ASSETS. — The term 'capital assets' means property held by the taxpayer (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, or property, used in the trade...

...of this title, after excluding all items of capital gain, capital loss, and capital deductions. (8) "Capital assets" means property held by the taxpayer...taxpayer primarily for sale in the course of his trade or business. * * *. [Italics supplied.] The Commissioner of Internal Eevenue held in his construction...

...as follows : (1) Capital assets. — The term "capital assets" means property held by the taxpayer (whether or not connected with his trade or business)...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business, * * *. The contract with Twentieth...

...years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. 3. For the purpose of paragraph...

...years. 2. For the purposes of this paragraph, "capital assets" means property held by the taxpayer (whether or not connected with his trade or business),...taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. 3. For the purpose of paragraph...

...of this title, after excluding ail items of capital gain, capital loss^ and capital deductions; and (8) The term "capital assets " means property held...taxable year, or property held by the taxpayer primarily for sals in the course of his trade or business. (b) In the case of any taxpayer (other than a corporation)...

...1918. a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale in the course of his trade or business. SEC. 208. (b) In the case of any taxpayer (other than a corporation) who for any taxable...

...taxpayer for more than two years, whether or not connected with his trade or business, but not including stock in trade of the taxpayer or other property of...taxpayer primarily for sale in the course of his trade or business. (See articles 1611-1618 with reference to inventories.) The specific property sold or exchanged...

...of this title, after excluding all items of capital gain, capital loss, and capital deductions; and (8) The term "capital assets" means property held...taxpayer primarily for sale in the course of his trade or business. In determining the period for which the taxpayer has held property received on an exchange...

...of this title, after excluding all items of capital gain, capital loss, and capital deductions ; and (8) The term " capital assets " means property held...taxpayer primarily for sale in the course of his trade or business. In determining the period for which the taxpayer has held property received on an exchange...