0324660529_130661 - CHAPTER 14 PROPERTY TRANSACTIONS...

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CHAPTER 14 PROPERTY TRANSACTIONS: CAPITAL GAINS AND LOSSES, § 1231, AND RECAPTURE PROVISIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Definition of capital assets New 2 Definition of capital assets Unchanged 2 3 Definition of capital assets Unchanged 3 4 Definition of capital assets New 5 Definition of capital assets New 6 Definition of capital assets New 7 Securities dealers New 8 Real property subdivided for sale Unchanged 4 9 Worthless securities and § 1244 stock Unchanged 5 10 Original issue discount Unchanged 6 11 Option expiration New 12 Patents Unchanged 7 13 Franchises Unchanged 8 14 Holding period and gifts Unchanged 10 15 Section 1231 net loss Unchangred 11 16 Section 1231 net gain and capital gains and Unchanged 12 losses 17 Section 1231 assets: offsetting gains and losses Unchanged 13 18 Section 1231 netting and casualty loss New 19 Section 1231 lookback loss New 20 Section 1231 casualty gain and § 1245 New depreciation recapture 21 Section 1231 netting: gains versus losses Unchanged 17 22 Property gains and adjusted gross income Unchanged 18 23 Section 1231 loss and § 1245 depreciation Unchanged 19 recapture 14-1
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14-2 2009 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 24 Section 1231 gain from disposition with Unchanged 20 § 1245 depreciation recapture 25 Section 1231 netting and depreciation recapture Unchanged 21 26 Section 1245 recapture and short-term holding Unchanged 22 period 27 Section 1245 recapture and single purpose Unchanged 23 agricultural structure 28 Residential real estate and § 1250 recapture Unchanged 24 29 Unrecaptured § 1250 gain Unchanged 25 30 Unrecaptured § 1250 gain Unchanged 26 31 Unrecaptured § 1250 gain Unchanged 27 32 Depreciation recapture and gifts New 33 Depreciation recapture and inheritances New 34 Depreciation recapture and charitable contributions New 35 Depreciation recapture and property contributed New to a corporation 36 Depreciation recapture for corporation: property Unchanged 32 distributions 37 Related party transactions Unchanged 33 38 Capital assets: calculating gain or loss Modified 34 39 Capital assets: dealers and inventory Modified 35 40 Capital assets: accounts receivable Unchanged 36 41 Capital assets: dealers and inventory Unchanged 37 42 Capital assets: musical works Unchanged 38 43 Capital assets: investment assets Unchanged 39 44 Definition of capital assets New 45 Definition of capital assets New 46 Capital assets: dealers in securities Unchanged 40 47 Section 1237 treatment Unchanged 41 48 Nonbusiness bad debt and worthless securities, Unchanged 42 § 1244 stock 49 Original issue discount bonds Unchanged 43 50 Options Unchanged 44 51 Option expiration New 52 Patents New 53 Patents Unchanged 45 54 Franchises Unchanged 46 55 Lease cancellation Unchanged 47 56 Holding period and like-kind exchanges New 57 Holding period and inherited property New 58 Short sale Unchanged 49 59 Net capital gain and alternative tax Unchanged 50 60 Net capital loss Unchanged 51 61 Capital asset, holding period, and basis Unchanged 52 62
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