Federal Taxation of Real Estate

Federal Taxation of Real Estate examines fundamental and advanced aspects of deferring taxes and converting ordinary income to capital gain on real estate held for profit.
Publisher: ALM
eBook :epub
$470.00
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In Stock
ISBN: 9781588522078
Publisher: ALM
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Product description

Federal Taxation of Real Estate offers practical guidance to help you uncover potential problems, apply appropriate remedies, and structure a transaction for maximum tax benefits. It examines fundamental and advanced aspects of deferring taxes and converting ordinary income to capital gain on real estate held for profit. It also looks closely at the tax treatment of personal residential purposes. Topics include: limited liability companies; the passive activity rules; grants of mortgages to unsecured creditors; depreciation and its recapture; like-kind exchanges; wrap-around mortgages; involuntary conversions; sale-leasebacks; tax treatment of loan costs; amortizing start-up costs; capital gain and loss; use of a home for business or rental; the deductibility of state and local taxes on a principal residence; and the exclusion of gain on the sale or exchange of a principal residence.

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Table of contents


Chapter 1: Overview

Chapter 2: Choice of Ownership Entity

Chapter 3: Basis Upon Acquisition

Chapter 4: Expenses

Chapter 5: Depreciation

Chapter 6: Tax Credits

Chapter 7: Sale, Loss, or Abandonment of Real Estate

Chapter 8: Installment Sales

Chapter 9: Exchanges of Real Property

Chapter 10: Involuntary Conversions

Chapter 11: Basic Rules for Rent

Chapter 12: Improvements on Leased Property

Chapter 13: Acquisition and Disposition of Lease or Property Subject to Lease

Chapter 14: Sale-Leasebacks

Chapter 15: Deductions and Credits

Chapter 16: Special Types of Commonly Held Property

Chapter 17: Business and Rental Use

Chapter 18: Gain on Sale