INDEX. 2461 Ineoww Tax, Tim II, Revenue Ad of1921— 1’•¢•· Income Tax, Title II, Revenue Aet of 1921- Page. ‘ (lommucdt d b i M ch 1 1913 gms; 'cominuedel dl ¤0l' OSS; 8Cq\111’8 8 01`B S.! , , mmme; gx u °u wg; risk gm if market price of March 1, 1913, lmbilitation allovfauoes; 239 received ----.-. 230 from domestic building ans 1m wo. OI1 exchange of property not recognized; cigtioug; limit ______________ _ 239 exception ----·-...-------.--·.-.-.. 230 mum for mugs fu_rm`g·h ```' for sim¥1ar property if receiving stock mi¤_igt,gm_ _ _____________ t° 239 ¤¤ re<>rz¤¤¤¤¢i<>¤ -·--—---—-------·· 230 ¤hip¤w¤em* mutual associations- 239 if in control of corporation to which ngmggidgnt aliens, from som-ceB’j_u thé ¤¤¤¤f¤¤¤<i ---------·--·----------- 230 United States muy. .,._.,,_,,_ 239 °°““u'“°d as taking Pl°‘°° °f Pmpaty deductions allowed in com u 1; ' transferred 230 comes. business ex F" proceeds of involuntary conversions, if wwe J etc pe ’ c uding 239 expended for identical property 230 interest 0ll:I£bt_s. 'égéé jj}; `‘’‘‘‘‘‘‘ 239 where no allownnce for los on ex- 230 taxes. classes aué 6Xc°gti0ué‘éI;é&h&i" 239 changed secunties ,... . - ’ " wqmeitgg»D£_~p·»rwm¤¤~ ~¤¤»¤M<·» 230 }’.m““’”°§%%°i%°§1ae;na ‘»;l;;;,;é¤;¤ 2‘*° ven w ne , c . - - ’ insgtallment paymegts included ... 231 °nDB(;·ln;2sg?;l:§cT|£°mté‘ ‘ ·.· · :1 ········ 240 inventories to determine income allowed; 231 any acquired gicééted PFoP· 240 _ - ‘‘‘'’‘'’‘’‘‘‘‘‘ - ‘‘'’‘‘‘‘ ¤' ’Z casualty losses not connected with businet loss, m regular busmess O muon, . method of dBwmiuing_____¥?$_____-· 231 Egan, not compensated by msumnce, auowmce m be deducted from me- ······················· . ····· :·· 2‘“’ wading taxable yum _______________ 231 loss to deducted from year m which partnership membersé egtate md trust a£ °d[ -···· 1 --·-··· :·-- 240 "?,§c1‘§.¥"§‘..,°""m‘1‘i?.a.,.1“}‘..."’“...“’. .‘“..‘?‘3.B‘i‘. 231 ·¤¤·¤¤=¤ ¤»·;¤·z~M·~¤¤,r-·zr3 .. 240 auowm, for me ear wang in 1921.. 231 r¤¤h*·=¤¤ d¤*>*¤· ¤f ¤><¤2v·=¤b1¤ ¤¤ 240 payment of taxes for gsm! years 1920-21. . 232 “u°"*“°" f‘“` °Xh§“°F*°°· ***9-~ ° b¤¤¤· credit or refund of excess payments. . gg nl [6** ]P1i°lE*i*g'» if ¤¤l¥¤Y¤d before 240 “°,‘?2,i,’£,‘i.‘;‘,l”;‘i”駒.;(;;,;.;;.;t;.;;.;::::;::;; 232 ·m¤r·i¤¤ri»¤¤r·=~r¤r»¤¤¢¤·e,p1·¤¤. proportional mm im. Pmmemhips ______ 232 vessels, etc., for pmsecutnon of the taxoncapitalgnin ... 232 ·‘·‘‘‘·····‘·‘···• 240 meaning of csp1ta.l gain 232 { rmlmmzg t?x> eww b°f°I’°
______ ________________ ____ v 2 m`“lt81°tc•sfor°v6r'
capital deductions 232 P°'ym°°t‘° ·‘·‘·‘· _ ‘‘‘‘‘*‘‘·‘‘‘‘‘ _ ···‘ 24 1 capita,] net gain ,,,,,__,_,__,,,,, , , , 233 allowgnce for depletion, etc., of mmes, ordinary net income ..,.., 233 _ ml wells, umber, etc-; hams .-.. 241 mpim; assets ________________________ 233 of aoquued before March 1, 1913 ... 241 pay-mem in lieu of income; sunaxee 233 1f dmccveregi by taxpayer after March basis of computgtign __________________ 233 1, 19l3; lxmntauon . 241 by partnerships; esme, or trusts . 233 reg¤1¤Q¤¤$, ew. to be prescribed; normal rate on net incomes of individuals. 233 8·PP!1¢$¢10¤ to l6¤86¤· ··-. . . 241 upon Hm $4,000 of citizens or residents. 233 gifts to the public, charitable organizesurtnxtin addition for calendar year 1921; 233 mug, efitlggt vocational rehabihtation ru es ... ; . . . 241 for calendar year 1922; rates .. 235 by nonresident aliens limited . 241 maximum from sales of mmes, etc., for proceeds from involuntary conversion of 1921; thereafter ... - 237 property expended for similar pmp. income defined; basis of computing, for erty, etc ... 241 assessing tax . .. 237 application to prior Acts . 242 if taxpayer change accmmting period. . . 237 nonresident aliens from designated items; gross income; sources included : .. 237 citizens, as to sources from posessalaries of the President, Judicxal and sions of the United States .. 242 GQ‘·’€T¤m9¤t 0iTi¢¢f§ an BMPIOYQGQ- 238 no deductions allowed from net income; PNKQSBIOUB. t1’¤dB¤, b¤¤1¤€¤¤y !'€¤*¤¤» d1Vr · for personal, etc., expenses . 242 depds, {mi- --·---···· ;· - ·; —---·--- 238 new buildings, permanent improve· BXCl\ld\Dg Income fIOHl hi? IDSUYBIICO mgutg, gtc_ __________ _ _ _ _ _ _________ policres; returns of premiums mid-- 238 restoring exhaustion em. or 1-0 242 we r 238 - ’- ’ P P°"y" gl » J€q¤®¤¤‘·B· W2 ~--··· · -··-- ;· - -_ ·--- payments for lnfe msurance on em- 1nterest on State, etc, pblrgnuons; pkyyggg, cm, for bend}; of tu, _ Federalfbgmds, etg; l.1m1tation.&;).. 238 payer ___________________________ 242 mterest o ore` n `overnments m · · . . " the me mf-mes, etc ...,. 238 mege ;g;;q;¤;éd¤~-· mm by em 242 payments for personal injuries, etc. - . 238 , " ‘``‘‘' ’‘‘‘‘‘‘ j‘ public utility receipts by States, etc.; credits ?1l°“’°d f°*' ¤°¤¤81 tax; mx Paid operated under contract, etc.; re- _ dwldeuds -····—·····--···--···--·· 2*2 gtricijpg ____________,,.,,_,,,,, 238 mterest on Federal securities, etc ______, 243 nonresident aliens, from foreign ships; personal exemption of $1,000 for g single conditions. ... 239 person . . .. 243
