Tax Factors in Real Estate Operations |
Common terms and phrases
2d Cir 3rd Cir 9th Cir accelerated depreciation adjusted adjusted basis aff'd allocation allowance for depreciation apartment asset benefit boot buyer capital gain cash cert Commissioner condemnation contract contributed property conversion corporation cost depreciation allowance distribution dividend election entitled to deduct escrow estate tax Example exceeds excess expenditures expenses fair market value foreclosure gain or loss gain realized gain taxed gift tax Helvering improvements incurred interest investment joint tenancy land landlord lease leaseback less liability lien loan mortgage debt mortgagor option ordinary income owner ownership P-H Memo T.C. paid parcel partner partnership party payment percent portion proceeds production of income property acquired property held purchase price qualify real estate real property taxes recapture received rent rental rule sales price Section seller sells sold stockholders straight-line tax purposes tax-free exchange taxable taxpayer tenant trade or business transaction transfer treated United