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Real Estate as a Capital Asset 1I
When to Report Gain or Loss on a Sale 11
The Tax Cost of Real Estate 11
1 other sections not shown
accrual adjusted basis adjusted sales price allocable amount of gain amount realized assumed basis of property building business or income-producing business or rental business property buyer capital asset capital expenditures capital gain capital loss cash cash-basis casualty loss Code Sec contract cost deficiency judgment depreciation determining election erty escrow estate tax Example fair market value gain or loss gift gross income held holding period improvements installment method Internal Revenue Service involuntary conversion land lease lessee lessor liability lien lots mortgage nonrecognition of gain offset old residence option ordinary income ordinary loss paid payment portion principal residence profit property acquired property is sold purchase price real estate real property tax rent repairs replacement property reporting gain repossession residential property result rule sale or exchange seller selling expenses selling price subdivided Tax Court tax-free taxpayer tract trade or business transaction treated ustc