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Unformatted text preview: CHAPTER 13 PROPERTY TRANSACTIONS: DETERMINATION OF GAIN OR LOSS, BASIS CONSIDERATIONS, AND NONTAXABLE EXCHANGES SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Sale or other disposition Unchanged 1 2 Sale or other disposition versus mere change in value Unchanged 2 3 Amount realized: determination of Unchanged 3 4 Amount realized and basis considerations Unchanged 4 5 Basis and effect of liability Unchanged 5 6 Basis: note versus cash Unchanged 6 7 Amount realized and basis considerations Unchanged 7 8 Basis, capital additions, and capital recoveries Unchanged 8 9 Basis and cost recovery: effect of depreciation New 10 Corporate distributions Unchanged 10 11 Amortization of bond premium Unchanged 11 12 Sale of personal use assets: gain versus loss Unchanged 12 13 Sale of personal use assets: gain versus loss Unchanged 13 14 Recovery of capital and life insurance proceeds Unchanged 14 15 Lump-sum purchase, basis, and goodwill Unchanged 15 16 Stock basis: cost basis versus no cost basis New 17 Gift versus sale of asset and gift of proceeds; inheritance versus sale of asset and bequest of proceeds Unchanged 17 18 Gift basis: pre 1977 gifts versus post 1976 gifts New 19 Property transferred by inheritance versus sale before death Unchanged 19 20 Deathbed gifts: basis of Unchanged 20 21 Basis for Inherited Property: community property v. common law state Unchanged 21 22 Wash sale New 13-1 13-2 2009 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 23 Property converted from personal use Unchanged 23 24 Nontaxable exchange: requirements Unchanged 24 25 Personal use and productive use property Unchanged 25 26 Like-kind exchanges: mandatory Unchanged 26 27 Like-kind exchanges: qualification Unchanged 27 28 Like-kind exchanges: partnership interests New 29 Effect of boot on recognition New 30 Like-kind exchanges: summary Unchanged 30 31 Holding period in a like-kind exchange New 32 Treatment of mortgage as boot Unchanged 32 33 Involuntary conversion: amount of reinvestment and losses Unchanged 33 34 Involuntary conversion: definition Unchanged 34 35 Involuntary conversion: replacement property Unchanged 35 36 Involuntary conversion: qualification requirements Unchanged 36 37 Involuntary conversion: replacement time period Unchanged 37 38 Involuntary conversion: condemnation Unchanged 38 39 Involuntary conversion: condemnation Unchanged 39 40 Involuntary conversion: holding period Unchanged 40 41 Sale of residence: qualification New 42 Sale of residence: qualification requirements and frequency of exclusion Unchanged 42 43 Sale of residence: principal residence New 44 Specialized small business investment company Unchanged 44 45 Amount realized and basis determination Unchanged 45 46 Amount realized and basis determination Unchanged 46 47 Amount realized and effect of various basis adjustments Unchanged 47 48 Personal use asset sale, exchange, or casualty...
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This note was uploaded on 02/23/2010 for the course ACCT 4254 taught by Professor Henry during the Fall '09 term at CSU San Bernardino.
- Fall '09