IT HWch12.2 - 12.40 a b c d 12.32 410,000 realized gain...

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12.40 12.32 a 840,000 410,000alized gain b 12/31/2012 two years after the close of the first taxable year 0nized gain c no defer the gain but the new basis for the tank is 570,000 540,000g received d yes 12-31-2013 like kind would work 12.43 172,000 realized gain 172,000 180000-8000 111,000 recognized gain 111,000 172000-61000 55000+6000=61000 basis 12.38 162,000 new basis 162,000 350,000alized gain 750000-400000 68,000nized gain 750000-682000 12.44 gain 300,000 - 200,000 400,000ew building 682000-282000(350000-68000) realized gain 289,000 amount realized 89000 real gain 90,000 machinery recognized gain 0 12.45 a 250,000 b 250,000 13.38 a 1231 50,000 gain 1231 60,000 gain 110,000 total capital gain b 1231 50,000 gain 1231 60,000 loss 10,000 ord loss ful y deductible c 1231 50,000 gain 1231 200,000 loss 150,000 ord loss ful y deductible 13.41 650,000 (300,000) 350,000 ordinary <-- Depreciation Taken a 407,000 (300,000) 107,000 1245 gain al ordinary none would be 1231 must be gain of more than 350,000 to be 1231 b 752,000 752,000 (300,000) 650,000 452,000 102,000 1231 gain 452,000 (350,000) 452,000 Gain 102,000 350,000 section 1231 ordinary income
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IT HWch12.2 - 12.40 a b c d 12.32 410,000 realized gain...

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