inventory property
Defined in 1 place of the United States Code.
The term “inventory property” means personal property described in paragraph (1) of section 1221.
Source
- 1994–199926 U.S.C. § 865Internal Revenue Code · Source rules for personal property sales · for purposes of this section
The term “inventory property” means personal property described in paragraph (1) of section 1221(a).
Source
- 1999–present26 U.S.C. § 865Internal Revenue Code · Source rules for personal property sales · for purposes of this section