0324660529_130654_1 - CHAPTER 7 DEDUCTIONS AND LOSSES...

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CHAPTER 7 DEDUCTIONS AND LOSSES: CERTAIN BUSINESS EXPENSES AND LOSSES SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Bad debts: purchased debt instrument New 2 Bad debts: basis Unchanged 2 3 Bad debts: worthlessness Unchanged 3 4 Bad debts: recovery New 5 Bad debts: business Unchanged 5 6 Bad debts: related party Unchanged 6 7 Bad debts: bona fide debt Unchanged 7 8 Worthless securities versus bad debts Unchanged 8 9 Section 1244 stock Unchanged 9 10 Casualty loss versus business loss Unchanged 10 11 Casualty loss: willful negligence Unchanged 11 12 Theft loss: timing Unchanged 12 13 Casualty loss: reimbursement New 14 Casualty loss: measurement rule for partial destruction and complete destruction Unchanged 14 15 Casualty loss: insurance claim Unchanged 15 16 Casualty loss: cost of repairs method Unchanged 16 17 Casualty loss: rental property Unchanged 17 18 Casualty loss: miscellaneous itemized deductions New 19 Casualty loss: 10% of AGI floor Unchanged 19 20 Casualty loss: occurrence Unchanged 20 21 Casualty loss: occurrence Unchanged 21 22 Research expenditures Unchanged 22 23 Research expenditures Unchanged 23 24 Research expenditures New 25 Domestic production activities deduction (DPAD): tax benefit Unchanged 25 7-1
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7-2 2009 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 26 Domestic production activities deduction (DPAD): limitation of W-2 wages Unchanged 26 27 Net operating loss: carryback for farming business Unchanged 27 28 Bad debts: nonbusiness Unchanged 28 29 Bad debts: nonbusiness New 30 Bad debts: business Unchanged 30 *31 Bad debt and § 1244 stock Modified 31 *32 Section 1244 stock Unchanged 32 *33 Casualty loss: personal and business New *34 Casualty loss: disaster area loss Unchanged 34 *35 Casualty loss: business versus personal use property Modified 35 *36 Casualty loss: insurance recovery Unchanged 36 *37 Research expenditures Unchanged 37 38 Domestic production activities deduction (DPAD): tax benefit Unchanged 38 39 Domestic production activities deduction (DPAD): qualified production activities income (QPAI) and AGI for individual Modified 39 40 Domestic production activities deduction (DPAD): qualified production activities income (QPAI) and NOL Unchanged 40 41 Domestic production activities deduction (DPAD): qualified production activities income (QPAI) Unchanged 41 42 Domestic production activities deduction (DPAD): qualified production activities income (QPAI) and W-2 wage limit Unchanged 42 *43 Net operating loss: capital loss effect on AGI Unchanged 43 *44 Net operating loss and personal casualty gain Unchanged 44 *45 Cumulative Modified 45 *46 Cumulative Modified 46 Research Problem 1 Bad debts Unchanged 1 2 Net operating loss New 3 Internet activity Unchanged 3 *The solution to this problem is available on a transparency master.
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Deductions and Losses: Certain Business Expenses and Losses 7-3 CHECK FIGURES 28.
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