Real Estate Taxation: A Practitioner's Guide |
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Page 544
... contribution , a charitable deduc- tion is not allowed . When the donor is a business , however , the donor may be entitled to a business expense deduction when it expects a benefit in return for its " contribution . " The best ...
... contribution , a charitable deduc- tion is not allowed . When the donor is a business , however , the donor may be entitled to a business expense deduction when it expects a benefit in return for its " contribution . " The best ...
Page 547
... Contribution - The capital gain portion of the contribution equals the fair market value of the property less the Taxpayer's adjusted basis and gain subject to recapture ( $ 100,000 $ 40,000 - $ 12,000 $ 48,000 ) . Since the Taxpayer's ...
... Contribution - The capital gain portion of the contribution equals the fair market value of the property less the Taxpayer's adjusted basis and gain subject to recapture ( $ 100,000 $ 40,000 - $ 12,000 $ 48,000 ) . Since the Taxpayer's ...
Page 548
... contribution.34 If the contribution is of a remainder interest in real property , straight - line depreciation and depletion must be taken into account in determining value , and the value must be discounted at a rate of 10 percent per ...
... contribution.34 If the contribution is of a remainder interest in real property , straight - line depreciation and depletion must be taken into account in determining value , and the value must be discounted at a rate of 10 percent per ...
Contents
THE ACQUISITION TRANSACTION | 5 |
FORM OF OWNERSHIP | 39 |
FINANCING REAL ESTATE | 81 |
Copyright | |
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Common terms and phrases
accrual acquired adjusted basis allocated alternative minimum tax amortization amount realized assets building buyer capital gain cash method CCH Dec Code Sec computing construction corporation Court debt depreciation deductions determined discussed election entity Example exchange expenses fair market value financing gain or loss gift gift tax gross income held improvements incurred individual installment obligation investment land lease acquisition costs lessee lessor liability like-kind limited partnership loan loss rules low-income housing ment Mid-Month Convention mortgage nonrecourse ordinary income owner ownership paid partner passive activity loss passive income payments percent placed in service portion purchase price qualified real estate real property tax recapture received recovery period rehabilitation rent residence S.Ct sale-leaseback seller shareholders sold spouse T.C. Memo tax purposes tax-exempt taxable income Temp tenant term tion trade or business transaction transfer treated USTC