Comp SM_Ch13 - CHAPTER 13 PROPERTY TRANSACTIONS:...

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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 Basis and effect of liability Unchanged 4 5 Basis: note versus cash Modified 5 6 Amount realized and basis considerations Unchanged 6 7 Basis and cost recovery: allowed versus allowable depreciation Unchanged 7 8 Basis and cost recovery: effect of depreciation Unchanged 8 9 Corporate distributions Unchanged 9 10 Sale of personal use assets: gain versus loss New 11 Issue ID Unchanged 11 12 Recovery of capital and life insurance proceeds New 13 Bargain purchase by shareholder and effect on stock basis Unchanged 12 14 Lump-sum purchase, basis, and goodwill Unchanged 13 15 Gift basis: gain basis and loss basis New 16 Issue ID Unchanged 15 17 Gift basis and adjustment for gift tax paid: pre 1977 and post 1976 Unchanged 16 18 Property transferred by inheritance versus sale before death New 19 Deathbed gifts: basis of New 20 Wash sale New 21 Property converted from personal use New 22 Nontaxable exchange: requirements New 13-1 13-2 2005 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 23 Like-kind exchanges Unchanged 19 24 Issue ID Unchanged 20 25 Like-kind exchanges: partnership interests Unchanged 22 26 Effect of boot on recognition and basis Unchanged 23 27 Holding period in a like-kind exchange Modified 24 28 Treatment of mortgage as boot New 29 Involuntary conversion: severance award Unchanged 26 30 Involuntary conversion: replacement property New 31 Involuntary conversion: qualification requirements Unchange d 27 32 Involuntary conversion: replacement time period New 33 Involuntary conversion: condemnation Unchanged 29 34 Issue ID Unchanged 30 35 Involuntary conversion: holding period Unchanged 31 36 Sale of residence: qualification and election to forgo Modified 32 37 Issue ID Unchanged 34 38 Sale of residence: partial exclusion Unchanged 35 39 Specialized small business investment company Unchanged 36 * 40 Amount realized and basis determination Unchanged 37 * 41 Amount realized and basis determination Unchanged 38 * 42 Basis and cost recovery adjustment Unchanged 39 43 Personal use asset sale, exchange, or casualty Modified 40 * 44 Corporate distributions that are a return of capital Unchanged 41 * 45 Realization versus recognition, sale of personal use assets Unchanged 42 * 46 Recognition and condemnation Modified 43 47 Bargain purchase by employee Unchanged 44 * 48 Basis and cost identification of stock Unchanged 45 * 49 Basis and cost identification of stock Unchanged 46 * 50 Allocation of purchase price to goodwill Modified 47 51 Nontaxable stock dividend New 52 Nontaxable stock rights New 53 Gift basis of depreciable property...
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Comp SM_Ch13 - CHAPTER 13 PROPERTY TRANSACTIONS:...

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