If, for example, a DISC receives advance or installment payments for the sale or lease of property described in paragraph (a)(1) of this section, for the furnishing of services, or which represent recognized gain from the sale of property not described in paragraph (a)(1) of this section, any amount of such advance payments is considered to be gross receipts of the DISC for the taxable year for which such amount is included in the gross income of the DISC. For purposes of paragraph (a) of this section, the total amounts received or accrued by a person shall be determined under the method of accounting used in computing its taxable income. For purposes of paragraph (a) of this section, the total amounts received or accrued by a person are not reduced by returns and allowances, costs of goods sold, expenses, losses, a deduction for dividends received under section 243, or any other deductible amounts. (2) A receipt of property in a transaction to which section 118 (relating to contribution to capital) or 1032 (relating to exchange of stock for property) applies.
(1) The proceeds of a loan or of the repayment of a loan, or For purposes of paragraph (a) of this section, gross receipts do not include amounts received or accrued by a person from. (iv) Commission transactions as and to the extent described in paragraph (e) of this section. (iii) The sale at a gain of any property not described in subparagraph (1) of this paragraph, and (i) The furnishing of services (whether or not related to the sale or lease of property described in subparagraph (1) of this paragraph), (2) Gross income recognized from all other sources, such as, for example, from. (1) The total amounts received or accrued by the person from the sale or lease of property held primarily for sale or lease in the ordinary course of a trade or business, and Under section 993(f), for purposes of sections 991 through 996, the gross receipts of a person for a taxable year are.
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