cx] INDEX. Income Tax, Title II, Revenue Act of 1921- Page Income Tax, Title II, Revenue Act of 1921- Pam. Continued. _ Continued. _ _ meaning of terms used; dividends; period gross income; excluding interest on State, of earnings determined; not effective etc., obligations; Federal bonds, etc.; after December 31, 1920 229 _ limitation 238 gain or loss; determined on sales of prop- interest of foreign_Governments from · ci-ty acquired after February 25, the State securities etc . 238 1913, by cost thereof 229 payments for personal injuries, etc 238 on inventory value 229 public utility receipts by States, etc.; acquired by gift after December 31, 1920; operated under contract, etc.; rebefore . .,., 229 striction ... 238 by bequest, devise, or inheritance 229 nonresident aliens, from foreign ships; acquired before March 1, 1913, if market conditions .. 1 ... 239 price in excess of cost .. . .., 229 war risk and rehab1litat:ion allowances; if market price less than cost- . .. .- -- 229 pensions ... 2 ... 239 if market price of March 1, 1913, from domestic building and loan assoreceived ... 230 ciations; limit .. 239 on exchange of property not recognized; rentals for dwellings furnished to exception .. 230 ministers .. 239 for similar property if receiving stock shipowners’ mutual associations ;_limit. 239 on reorganization .. 230 nonresident aliens, from sources m the if in control of corporation to which United States only .. 239 transferred 230 deductions allowed in computing net inconstrued as taking place of property comes; business expenses, mcluding transferred 230 traveling, etc ... . .. 239 proceeds of involuntary conversions, if interest on debts; exception . 239 expended for identical property 230 taxes; closes and exceptions specifiedn 239 where no allowance for lose on ex· business losses . . 240 changed securities . 230 losses not connected with the business; allowance for property not realizable nonresident aliens .. 240 _ given with money, etc . 230 on sales of stocks, etc., if similar prop- _ mstallment payments included .. 231 erty acquired, excepted . 240 mventones to determine income allowed; casualty losses not connected with busibasis .. 231 ness, not compensated by insurance, net loss; m regular business operation; etc ... 240 method o determining .. 231 loss to be deducted from year in which allowance to be deducted from suc- sustained .,., . . 240 ceedipg taxable years ... 231 allowance from destruction of property p¤f¢¤e1¤h1p_ Hrembem, estate and trust acquired before March 1,1913 ... 240 beneficiaries, and iusmance com- worthless debts; if recoverable in Fart. . 240 psmes mcluded ... 231 allowance for exhaustion, etc., o busiallowance for fiscal gsear ending in 1921. . 231 ness property; ii acquired before pa.ymeut_of taxes for cal years 1920-21 . . 232 March 1, 1913 , 240 credit or refund of excess payments. . . 232 amortization of cost of buildings, plants, ii¤¢&l years 192}-22 232 vessels, etc., for prosecution of the personal service corporations .. 232 war ,,.,.,,,,.,. . . . . 240 proportional rates for partnerships ... 232 redetermination of tax, etc., before tax on capital gain . I . 232 March 2, 1924; credits, etc., for overmeaning of coping! gain ,.,.,,,,,... 232 payments ,,,...,,,,,., 241 capitol loss _ .. 23 2 allowance for de lotion, etc., of mines, ¢¤P{¥·¤l deductions .·... . .. 232 oil wells ctc.- basis ... 241 cv. gtal net gsm . 233 if acquired before 1, 1913 . 241 orgmary_ net income ... . .. 233 if discovered by taxpayer after March capital casein Z ... . 233 1, 1913; limitation . 241 pagmentm lieu of income; surtaxss 233 regulations, etc., to be prescribed; bum of wglhgutauou £ .. Zg ftsappltihutionbto lenses ... 241 ypartne ps; esta ,or mem .. gi to e u li charitable orgamza·’ normal rates on net incomes of individuals- 233 tions, etg., voccational rehabilitation upon first $4,QQO of citizens or residents. 233 fund; limit . ... - . . 241 A surtax in addmon for calendar year 1921; by nonresident aliens limited . 241 HWS ···--- - 233 proceeds from involuntary conversion of for year 1922; rates ... 235 property expended for similar prop- IIBXIHIIIID from ales of mules, etc., for orgy, cm _,________________,,_,,,.. . 241 _ 1921; .. - . ._ ... 237 epplicsxion to prior Acts . 2%* income defined; bars of computing, for monreeidentali s tromdedgnstsditeme; _ asemngtax .. Z .. I . 237 citizens, u to sources from poses- ¤ft9xp¤.yerd¤mgeqcco¤n¤ngpe¤od..- 237 sionsof theU¤ited States ... 242 gms income; sources included. . I 237 no deductions allowed from netincome; for sgkngs of the Pyggdg¤1;,3ud],gig] gud pgggmg], gtcq gxpgng ____ , _,_,,,, 242 Government employeg- 238 new buildings, permanent iI¤Pl'0V9' prdxmng, tryig, bqgygg muh, (hw)- mgutg’ gu; _____ __ ________ , ,,,,,,.,, 242 dQ\d§,§'l3¢ . :..., 258 m¤1=¤ringexbamtio¤,etc.,ofp¤op¤rty-.. 242 excludmgmcomeinxxnhicxnmnnncs psymsntsfcrliisinsuuncsonem- _ l1c1ss;returmofpse1n1m1isp•id.. k 238 ployees, etc., for benefit of taxgg; bgquutg, 34;,,.,. .,,, , .,.,.,,,,, 28 pyu ,,,,,,,_,,,, ,,,, ,,,.,, , ____, 242
