Page:United States Statutes at Large Volume 44 Part 2.djvu/67

 SIXTY-NINTH CONGRESS! Sess., I. Crt. 27. 19:1%. 2T ta•u·ed* into {org though!I({·W0d1lIiO6@dJ‘YWl$il the trade or ¤·°°¤ M- bmings; ¢but.in· e can oi a nonresidontalien individual only ifthe profit,  auch   result•d‘i¤,a·pro6t,~wou1d_rbe  ¤tl1is¤ title. No dariatctiosrshall be allowed underathia ,yR.,”wi“”_.w“°”, '“°'“°°  forcahyloas claimedto have been sustainedin any; sale or‘·>ether~  io! ¢ahtras·»oi~ rsr.ock~·or~aeia1ritied»wh•i·e.—it appetwtnn ‘ uineyea au¤m·¤r_amr ta•da¤¤,et·se¤h»¤»xe or o!1se¤.** ¢·—tne•»tax%"= hasivecfiilieail (otherwise than by beq¤eqt··or=     nto·a~ec¤t¢·aet oroption "i"*?¤*'· ******1;*i¤<*v¤**¢*¤F*’g0*¤P*¥*7»‘,‘¤¤** ***·¤‘ PWM ¤° aeguiredois  ;·¢any*aper·iod·’after* such sale or»‘ other*dispes§tioni,;=·1`& snob iaeqnisitiori‘ox·*theicontradt=or=option ,,‘§“,§§§f"’°° ""’ ""‘ th?e?extent‘ of part on1y=tof*kubstai1xtially identical pr rty; then onl `·arproportionQwt di‘t’”6{·tHe' loss-shall be- dis- ` .·’:'i`¢1· ·5i,S‘\’ "1‘_~'»;‘>' Jr?} i!'$!;“¥,¤,< ‘¤3· ir` ‘¥· ,-' nected‘with¤tlxe·trade‘ *(*bn1t°in¤ivtt;caéo¥;*a’nonmsldent ¤as.°°°°d ml bm alien individualmnlp; property within the ‘U1nhed·"States)¤·if‘aris‘;·i;i5 from fires, storms, s ipwreck, or other castialty, or fmin·'the!t; ‘ if eforby insu1*anco,or“othérwise;‘ €’1lhe`basis for ,,,§“" ’°' ""‘°”°‘°‘ deterinining_*the’amount#of»rthe dednctio11‘nnder=ttl:i`si`paragmph, or -4»¢¢,¤-¤¤- paragraph- (4)/ or i(z3ti’she11~be·the=sa;ue1s’is=g° ‘ eosin section 204 ogdetermlniiig- l gain   _trom*tbe·sa ierother disposi- tioud ro"   *:,*1*, ’_i‘1·.—; i ··'.   * -_ ·. V  V.     lf. ·; . `   worthless iand’·eha1·Fed¥oH within the W¤r=¤1¤¤¤ dsbw- taxa le year ¥(br,in thé~‘diSd1‘€|7l0I1’ of the J oner, areasonable additionjto*a·lreserve iorbadidebts);‘andiwhen satisiiedthat a- debt ii rghcoverabk; only in part; ”¢H6·CDl1lh1l8$l6!!Ol; lmayfalloyv such debt to ar 0  i ¢;‘¢5”·~; g  `· _»   ¤*·‘* "j·"="~j   . (8) ·g°geeson•bge?7:Howance· tfoii the exhaustion, wearitnd tearof;Y" °{ property   in ·the_trade* or   including ar reasonable allow- ance fovobsolesoencer *Ln theeasa=ot?‘i1np1er,·a~¤e@nable;‘a,lle•wanoe·¤1or mlbtibii and fwniepreciag V ' ' memos ~l1i‘I}>H>*V9Qé!1li8,i toithe I i wsaxaxngmseii Z i easusuehrreaaoaable sl1o¤yaneeiisv=aH_·i&asesite~be·=made· errules __§;;g;·;·,,${>,,§=,,,g_**·g,; and regalationsitofbe>presc¤ibl5d~¤by¤the‘ ldD6Y,"Witb‘·¢hG ap- ' proval of the   In the case of leases the deduction allowed ydthis paragraph sha *be· eqnitab¥y·`appbrti0ned between the lessor i (10)*Oontribt1tions¥or   ‘ made`·•vithii1*‘tIle taxable-i ` r*‘to“or °§,”·°'*°· f0r_the use of: (A) The nited States, 8DgtSGSUB,'_’I`¢Ytif(?'1?;’: or any F www"` political lsubdggcsion  ***1) Z ricti 'of· Colnmlaiay for exc wave _ pu imposes, l an eorpo ration or‘trust or com- ,,,°°"°"“°‘“· °°°’j njmnity cgest, fund, or fblI11d8t2GH,'¥>Tgl\hl·?Z€d‘ and  exclu- $,1%. résu- sxvely for religious, charitable, scientific, literal? or e‘ ucational pur- _ ` poses, br*for‘the prevention of l‘,, cruelty to chi dren or animals, no part of thenet  of which inures to thebeueiit of any private _ shareholder or mam ua1;_(C) the ipeean me for vmsoan rs- .,§:.$=r°*°¤·* *·**·*>*”· hsbrlitation authorized by section 7 o the Vocational Rehabilitation $,§;>;**·,¤·”";°fm_ Act;’    o1"0rian1zations ofwar veterans, or auxiliary units mums, ew. orsocieties of any suc posts or organizations, if such goats, organi- zations, units, or societies are organized in the United tates or any of its possessions, and if no part of their net earnings inures to the
 * " (6)  ‘ ' ‘ the’taxable· not pérty inoticon- c0§;¤¤¤'°¥_;¤¤·= Mi