TB Individual Income ch. 17

TB Individual Income ch. 17 - CHAPTER 17 PROPERTY...

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Unformatted text preview: CHAPTER 17 PROPERTY TRANSACTIONS: SECTION 1231 AND RECAPTURE PROVISIONS Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily pre- view their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSBs and AICPAs Core Competencie s for each test item are located within the item itself. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 Section 1231 concepts Modified 1 2 Section 1231 concepts Modified 2 3 Section 1231 concepts Unchanged 3 4 Section 1231 and net casualty loss Unchanged 4 5 Section 1231 assets Unchanged 5 6 Section 1231 assets Unchanged 6 7 Section 1231 assets Unchanged 7 8 Section 1231 assets: timber Unchanged 8 9 Section 1231 assets: livestock New 10 Nonpersonal use capital assets and casualty netting New 11 Condemnation gains and losses and the netting New process 12 Personal use property condemnation gains and New losses 13 Section 1231 casualties Unchanged 13 14 Involuntary conversions Modified 14 15 Section 1231 lookback Unchanged 15 16 Personal use property casualty Unchanged 16 17 Recapture provisions Unchanged 17 18 Section 1245 property Unchanged 18 19 Section 1245 property Unchanged 19 20 Section 1245 recapture Unchanged 20 21 Section 1250 recapture Unchanged 21 22 Unrecaptured 1250 gain Unchanged 22 23 Section 1250 gain and 1231 lookback Unchanged 23 24 Recapture: inherited property Unchanged 24 25 Recapture: donated property Unchanged 25 26 Related party transactions Unchanged 26 27 Reporting procedures Unchanged 27 28 Reporting procedures Unchanged 28 17-1 17-2 2010 Annual Edition/Test Bank Status: Q/P Question/ Present in Prior Problem Topic Edition Edition MULTIPLE CHOICE 1 Section 1231 assets: holding period Unchanged 1 2 Section 1231: excluded property Unchanged 2 3 Section 1231: excluded property Unchanged 3 4 Casualty gain and 1245 recapture Unchanged 4 5 Section 1231 computation procedure Unchanged 5 6 Section 1231 lookback Modified 6 7 Section 1231 lookback Unchanged 7 8 Section 1231 lookback Modified 8 9 Section 1231 computation procedure Unchanged 9 10 Section 1231 computation procedure Unchanged 10 11 Proper classification of gains and losses Unchanged 11 12 Section 1231 and LTCG Unchanged 12 13 Section 1245 recapture Unchanged 13 14 Section 1245 recapture and 1231 gain New 15 Section 1245 recapture Modified 15 16 Section 1245 recapture: casualty losses Unchanged 16 17 Section 1245 recapture and casualty gain Unchanged 17 18 Section 1250 property situations New 19 Section 1250 property situations New 20 Section 1250 property situations New 21 Section 1231 and 1250 recapture Unchanged 21 22 Unrecaptured 1250 gain Unchanged 22 23 Recapture: special situations Unchanged 23 24 Recapture: other applications Unchanged 24 25 Related party transactions...
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TB Individual Income ch. 17 - CHAPTER 17 PROPERTY...

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