identifiable event

identifiable event
Within the rule that a deductible loss for income tax purposes based on the worthlessness of a stock must be one fixed by an "identifiable event":-an incident or an occurrence that points to or indicates a loss. Industrial Rayon Corp. v Commissioner (CA6) 94 F2d 383; Bartlett v Commissioner of Internal Revenue (CA4) 114 F2d 634.

Ballentine's law dictionary. . 1998.

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