Supplement to Federal Income Tax: Including Tax on Undistributed Net Income, Capital Stock Tax, War Excess Profits Tax and Stamp Tax (Classic Reprint) - Hardcover

George E. Holmes

 
9780266440031: Supplement to Federal Income Tax: Including Tax on Undistributed Net Income, Capital Stock Tax, War Excess Profits Tax and Stamp Tax (Classic Reprint)

Synopsis

Excerpt from Supplement to Federal Income Tax: Including Tax on Undistributed Net Income, Capital Stock Tax, War Excess Profits Tax and Stamp Tax

Losses Not Incurred in Trade. The next to the last sentence of the paragraph. (on page 34) should read as follows: He is thus required to pay a tax on only the net gain from such transactions during the year.

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