Tax Aspects of Real Estate Transactions |
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acquired acquisition adjusted basis allocated allowed amount apartment house bad debt building buys capital asset capital gains tax capital loss cash cert Chapter collapsible corporation Commissioner construction cost dealer December 31 deductible deemed depreciation distribution dividend earnings and profits Example exceeds expenses extent fair market value foreclosure funds gain is recognized gain or loss gift tax Helvering I. R. C. section I. T. Regs improvements income tax installment sale interest investment involuntary conversion land lease lessee lessor liability loan method mortgage mortgaged property mortgagor offset option ordinary income ordinary loss owner paid partnership payment personal holding company personally liable piece of property property held purchase price real estate tax real property realized reduced reinvested rent rental residence result section 341 seller selling price shareholders sold stockholders supra surtax tax purposes tax-free exchange taxable taxpayer tenant tion trade or business transaction transfer treated