Real Estate Tax Guide |
Contents
INTRODUCTION | 3 |
SALE AND EXCHANGES OF RESIDENTIAL | 4 |
DEPRECIATIONACRS | 7 |
Copyright | |
26 other sections not shown
Common terms and phrases
¹ IRC adjusted basis adjusted sales price allocable allowed alternative minimum tax Amount Realized apply assets attach schedule basis of property building capital gain cash casualty loss Commissioner condominium corporation cost basis debt December 31 determined disposition distribution election enter Examples exceeds fair market value Form gain or loss gain realized Gain Recognized gift gross income home office improvements included incurred indebtedness installment obligations instructions Internal Revenue Internal Revenue Service investment lease Less lessee lessor liability like-kind Limited Partnership liquidation loan mortgage interest moving expenses old residence option ordinary income owner paid partner passive activity payment period placed in service portion principal residence prior property acquired property received purchase price real estate taxes real property tax rental rented replacement residence Rev Rul rules Section seller shareholders Tax Reform Act tax return Taxpayer purchases taxpayer's basis tion trade or business transfer Transferor treated vacation home