Capital gains and losses in tax returns defined
The text explains capital gains and losses under the tax code, defining capital assets, short-term and long-term holdings, the carryover of net losses, and the special rules for couples filing joint versus separate returns. It covers limitations on deductions for family sales, inter-company losses, and basis calculations for pre and post 1913 acquisitions, plus required return details for real estate, bonds, and stocks.
MENTIONED IN THIS ARTICLE
Sofar
New Road Sign Plans Raised by Shafter Business Men
Shafter Business Men’s Association examined enlarging the Lerdo road 99 highway directional sign at its Friday meeting. The group noted the current sign is owned by the association and discussed enlisting community organizations if a larger sign is built. Road work on 99 highway may delay installation until completion. New sign posts and insignia for the association Rotary Kiwanis and American Legion entrances were nearly ready. Ned Marksheffel spoke on Scout jobs, Jake Siemens on the Shafter Central Valley Poultry Rab bit and Small Stock Show, and P J Peltier on a recent state trip for show planning.
MENTIONED IN THIS ARTICLE
Shafter
99 Highway
Lerdo Road
Shafter Business Men's Association
Cafe Neuman
Business Men’s Association
Association
Ernest Panero
J. W. Frizzell
L. H. McGrane
W. H. Hitchcock
Rotary
Kiwanis Clubs
Leslie L. Robinson
American Legion
Ned Marksheffel
Jake Siemens
Shafter-Central Valley
P. J. Peltier
Poultry House Completed at Shafter School Farm
This week a poultry house was completed at the Shafter high school farm. About 200 high grade White Leghorn pullets have been kept there since shortly after the first of the year. Other work includes planting five acres of potatoes and building a fence along the farm's south line.
MENTIONED IN THIS ARTICLE
Shafter High School
Music Hath Charms In A Suburban Purchase
OGER BROWN contemplates a costly change as his wife pushes for a home and a radio. Across the aisle two women debate suburban living and expenses while Roger recalls the pride of ownership and the price of happiness in a modern marriage.
MENTIONED IN THIS ARTICLE
Oger Brown
Roger
Ben Miller
Susie
Ethelindstone
Ethelinda
Miller
Ben
Louisiana Live Oak Society grows on acorns of age
The Live Oak Society in Louisiana collects dues of 25 acorns per tree from owners or interested parties. Membership spans oaks 100 years or older, with Oak Alley and Versailles oaks among notable members. The society plants its “dues” in an institute nursery to propagate these ancient giants.
MENTIONED IN THIS ARTICLE
Louisiana Society
Louisiana
Edwin L. Stephens
Southwestern Louisiana Institute
Lafayette
Institute
New Orleans
Hahnville
Seven Sisters
Lewisburg
Mississippi River
St. James Parish
Chalmette
Pierre Denis de la Ronde
Versailles Plantation
U. S. Older as Nation Than Germany or Italy
The United States is older as a nation than Germany and Italy, which formed later as centralized states. National Geographic notes Italy unified in the 19th century after independence battles, while Germany joined under Prussian leadership in 1871. Rome's ancient empire and the Teutons’ medieval role are cited to contrast long history with newer nationhood.
MENTIONED IN THIS ARTICLE
U. S
Germany
Italy
United States
Kingdom of
National Geographic Society
Victor Emmanuel II
Sardinia
William I
Prussia
New England
Rome
England
Persian Gulf
Mediterranean
Teutons
Holy Roman Empire
Baltic
Northn
Iceland’s Heating Plant to Use Hot Springs in Reykjavik
Iceland plans a large central heating plant in Reykjavik to heat homes using local hot springs. The project aims to replace coal and highlights Iceland’s low unemployment and absence of national debt while noting its rich literacy and university training in the capital.
MENTIONED IN THIS ARTICLE
Iceland
Nature
Reykjavik
Hinged Bill Helps Woodcocks Probe for Worms
The woodcock uses a hinged upper bill to sense prey underground. Its flexible mandible tip detects earthworms and grubs, then opens to grip and pull the meal from soil.
No native American pheasant despite grouse naming
The article notes there is no native American pheasant. the ruffed grouse is often called a pheasant and the so called native pheasant is the partridge in northern states. It adds that only ringneck pheasants, among about 17 species, have been widely introduced.
California Aid Totals 15 Million Dollars Per Month
Assemblyman Rod Turner cites California relief spending of about 15 million dollars monthly for aid to the needy the aged and the unemployed. He notes state funds exceed 95.5 million for Governor Olson’s relief program and argues California pays far more than Oklahoma Texas or Arkansas, attracting migrants.
MENTIONED IN THIS ARTICLE
California
Assemblyman
Rod Turner
Kern
County
Workers’ Alliance
Communist Front Organization
Sacramento
Olson
Turner
Grading Work Under Way At Local Airport
Grading work is this week under way at the Shafter airport south of town by a county road crew. The port, part of the county system, is yearly put in shape. In charge of the project is Joe Engle the road superintendent.
MENTIONED IN THIS ARTICLE
Shafter
Joe Engle
Senator Wagy accuses subversive action in state
Senator J I Wagy of Kern County charges that the administration is honeycombed with communists and subversive factions seeking to loot the state treasury and seize California's government. He calls for a thorough investigation of the dictagraph found in Assembly Speaker Gordon Garland's room during the special session and for guilty parties to be brought before the Assembly and public opinion.
MENTIONED IN THIS ARTICLE
Assembly
SRA
J. I. Wagy
Kern County
California
Gordon Garland
Civil Service Opens Jobs in Agriculture Education Agencies
Public notices reveal openings for assistant positions in the mycology bureau, plant industry, and departments of agriculture and education under the Federal Security Agency. Applications are invited through civil service channels.
MENTIONED IN THIS ARTICLE
Bureau of Plant Industry
Department of Agriculture
Office of Education
Federal Security Agency
Civil Service
Full information from Shafter post office contact
This week full information can be obtained from John F Roskam at the Shafter post office.
MENTIONED IN THIS ARTICLE
John F. Roskam
Shafter
Also Mentioned on This Page
School Farm
the Press
Charles M. Upham
American Road Builders’ Association
U. & Hous
Chicago
Mr. Upham
Randolph
West Virginia
J. W. Robinson
Utah
Wilburn Cartwright
Oklahoma
Over
Tornado Works
Albany
Georgia
Lincoln
Roosevelt
Jef
Lincoln Memorial
Washington
Abraham Lincoln
Wagy
KPMC
Ranney Winds
Gillette
Blue Blade
Helen’s Beauty Shop
James St
Postoffice
Pathfinder
American Oe Journal Farm Journal and
Farmer's Wife Shafter Press
Shafter Press
Womans Home Companion
Woman’s World
American Poultry Journal Farm Journal and Farmer's Wife
Movie Mirror
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