Revenue Act 1921 rules on basis for gains and losses
The article explains section 202 of the 1921 revenue act, establishing cost as the basis with three exceptions for property gains and losses. It covers inventory provisions, gifts after 1920, bequests, exchanges, and pre March 1 1913 sales with examples of gains and deductible losses, concluding with a caution about taxcheating.
Tax Help Visits Planned Across City County Districts
Internal Revenue agents will visit Frederick and nearby communities from February 16 to 25 and March 6 to 15 to assist residents with 1921 income tax returns. Stops include Smithsburg, Brunswick, Mt. Airy, Dykesville, Rockville, New Windsor, Union Bridge, Manchester, Westminster, Taneytown and Hampstead with dates listed for each location. Also in brief, 14 year old Gordon Firth, missing since last month, will be sent home from Montevue Hospital once fit for travel, and Sweden reports its 1920 mortality at a record low.
MENTIONED IN THIS ARTICLE
Internal Revenue
Sec
Iarylang
Frederick
Smithsburg
Brunswick
Mt. Airy
Dykesville
and & Rockville
New Windsor
Union Bridge
Manchester
Westminster
Taneytown
Hampstead
Gordon ‘Firth
James A. Jones
Superintendent Named at New York Life Insurance Branch
George HL Mrunutie has been appointed Superintendent of the New York Life Insurance branch’s Saintagen de Partueut unit. He begins February 1 and will assist Manager EH Morrill as special agent, focusing time with brokers.
MENTIONED IN THIS ARTICLE
George HL Mrunutie
Ate
Anid
Newton ‘Proudie
Bengaville
Saintagen de
New York
Actin Life Insurance Aik
Manger
Morrill
Tronadte
Venus
Mountain City Ledge Knights Hold Evening Assembly
An important meeting of Mountain City Ledge, Knighta of Pythlag, is planned for this evening at 8 o clock. Attendees from nearby residers are urged to attend to discuss urgent matters and share a rapid consensus at Knight's gathering.
MENTIONED IN THIS ARTICLE
Mountain City
Knighta
Pythlag
Haegertowin
Kooight
Also Mentioned on This Page
Lucky
Niewera Pee Farhive
Sweden
I Croup
Opeek Vicks
Farmers & Mechanics National Bank
Corner Market
Second Sts
Frederick, Maryland
Bank of Personal Service
Commercial State Bank
the Friendly Bank
Insurance
Mutual Life Insurance Co
N. Y
Charles
Haller
West Church
Frederick, Md
Frederick Hotel
Thomas, Bennett & Hunter
R. Fahrney
D. Faurney
The
Chesapeake & Potomac
Paul
Payne
Wis Et
Greenawalt’s Drug Store
Second and Market Sts
Roy W. Poole
Dearee
Supplice
Portland and White
Atlas Cement
Frederick, Ma
A. R. Favorite & Son
E. Seventh St
McCleery
WATC
P.O. Box
Seeger & Company, Hardware
South Market Street
Maryland
ATCH
Kefauver & Shapro
North Market St
Geo.s. Rodock & Son
South Carroll Street