Real Estate Taxation: A Practitioner's Guide |
From inside the book
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Page 307
... ordinary course of business produces ordinary income or loss . The distinction ususally turns on whether the seller is considered a " dealer " in real property . Dealer sales generally produce the ordinary income or loss result . Of ...
... ordinary course of business produces ordinary income or loss . The distinction ususally turns on whether the seller is considered a " dealer " in real property . Dealer sales generally produce the ordinary income or loss result . Of ...
Page 318
... ordinary course of business.50 Land acquired by an attorney as a fee was held to be for sale in the ordinary course of business after he engaged a real estate company to develop , subdivide , and sell the land.51 But an attorney who ...
... ordinary course of business.50 Land acquired by an attorney as a fee was held to be for sale in the ordinary course of business after he engaged a real estate company to develop , subdivide , and sell the land.51 But an attorney who ...
Page 325
... ordinary course of business ( dealer property ) , and this would result in ordinary income in the amount of $ 1,400 per acre ( $ 4,000 - $ 2,600 tax basis ) . If the Taxpayer could sell the unimproved tract for $ 1,500 per acre without ...
... ordinary course of business ( dealer property ) , and this would result in ordinary income in the amount of $ 1,400 per acre ( $ 4,000 - $ 2,600 tax basis ) . If the Taxpayer could sell the unimproved tract for $ 1,500 per acre without ...
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