Description
Book Synopsis: Two significant complications affect the taxation of property transactions. The first complication is the special treatment of capital gains and losses. The second complication arises from the time value of money. This book aims to provide students with an appreciation for these two significant complexities through the descriptive materials and problems presented.
Chapter 1 introduces the concepts of basis and realization that are fundamental to the taxation of all transactions involving property. Chapter 2 follows with the effects of taxing gains and losses from capital assets differently from ordinary gains and losses. Chapter 3 deals with liabilities, which are essentially the opposite of assets or property, so that they can be considered negative property. Chapter 4 covers the rules applicable to the capitalization of costs incurred in the creation or acquisition of property and the recovery of those costs through a variety of expensing, amortization, and depreciation provisions. Chapter 5 covers non-recognition transactions (other than transfers involving partnerships, corporations or trusts) in which gain or loss is not recognized on disposition but is deferred through the mechanism of substituted basis. Chapter 6 deals with deferred compensation issues and other special problems arising in executive compensation arrangement using employer stock or stock options that reflect the lure of capital gain treatment. Chapter 7 covers the complexities that arise from the cliché that property is a bundle of rights, particularly when the ownership and long-term right to possession is divided under a lease or similar arrangement. Finally, Chapter 8 covers a number of special provisions that affect the deductibility of losses, including the wash sales rules, limitations on related party transactions, the at-risk and passive loss rules, and losses arising in certain leasing transactions.
Details
Are you struggling with understanding the complexities of federal taxation of property transactions? Look no further! Introducing Federal Taxation of Property Transactions (Graduate Tax Series), the ultimate guide that will unravel the intricacies of this subject. Our book provides students with a comprehensive overview of the special treatment of capital gains and losses, as well as the time value of money. Through descriptive materials and practical problems, you'll gain a deep appreciation for these significant complexities.
Chapter 1 sets the foundation by introducing the fundamental concepts of basis and realization, crucial for understanding property taxation. In Chapter 2, we delve into how gains and losses from capital assets are taxed differently from ordinary gains and losses. Chapter 3 explores the unique challenges posed by liabilities, which are considered negative property. Chapter 4 covers the essential rules for capitalizing costs incurred in property creation or acquisition, and how to recover those costs through expensing, amortization, and depreciation provisions.
In Chapter 5, we tackle non-recognition transactions, where gain or loss is deferred through the mechanism of substituted basis. Chapter 6 digs into the intricacies of executive compensation arrangements involving employer stock or stock options, providing valuable insights into the allure of capital gain treatment. Chapter 7 explores the complexities arising from the division of ownership and long-term right to possession in lease or similar arrangements. Finally, in Chapter 8, we examine the special provisions affecting the deductibility of losses, including wash sales rules, limitations on related party transactions, and losses in leasing transactions.
Don't let the complexities of property taxation hinder your success! With the Federal Taxation of Property Transactions (Graduate Tax Series), you'll gain the knowledge and expertise needed to navigate this intricate field. Start your journey toward mastery today, and take advantage of our special offer by clicking the link below:
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