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

Inhaltsangabe

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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