§1333
8 cases·1 questioned·1 overruled·6 cited
Statute Text — 26 U.S.C. §1333
Statute text not available for this section.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §1.1333-1 Tax adjustment measured by prior benefits
- Treas. Reg. §Treas. Reg. §1.1333-1(a) Such gain is recognized or not recognized under the provisions of section 1033, relating to gain on the involuntary conversion of property.
- Treas. Reg. §Treas. Reg. §1.1333-1(b) If such gain is recognized it is included in gross income as ordinary income or, if the provisions of section 1231(a) apply and require such treatment, as gain on the sale or exchange of a capital asset held for more than six months.
- Treas. Reg. §Treas. Reg. §1.1333-1(i) The increase, if any, in the tax previously determined for each prior taxable year in which a deduction was allowable on account of the destruction or seizure of the property in respect of which there is a recovery in the taxable year.
8 Citing Cases
The project sites at which the Challenge Vessel worked had such "installations," and they were the subject ofthe decommissioning activity. The Challenge Vessel provided essential support for decommissioning these installations by supplying (among other things) a class 2 dynamic positioning system, a nine-man saturation diving syste
ng-term capital gain overthe consolidatednet short-term capital loss (see §1.1502-41A for the determination ofthe consolidated net long-term capital gain and the consolidatednet short-term capital loss)); - 9 - (i) [Reserved] (j) The tax imposed by section 1333 on war loss recoveries; and by allowing as a credit against such taxes the investment credit under section 38 (see §1.1502-3) and the foreign tax credit under section 33 (see §1.1502-4).
long-term capital gain over the consolidated net short-term capital loss (see §1.1502-41A for the determination of the consolidated net long-term capital gain and the consolidated net short-term capital loss)); (i) [Reserved] (j) The tax imposed by section 1333 on war loss recoveries; and by allowing as a credit against such taxes the investment credit under section 38 (see §1.1502-3) and the foreign tax credit under section 33 (see §1.1502-4).