Chapter 10 - Problem 1032 Selling expenses Amount realized...

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Unformatted text preview: Problem 1032 Selling expenses Amount realized b. Item Received — _ — _ C . Securities Commission Amount realized Problem 10—33 — _ — Problem 10-34 _ _ — Problem 10-35 a. b. c. d. :anhrv Problem 10-37(bl Amount — _ — _ — 6: 0| (£71245) (lesser of 3 or 5) _ - Problem 10-39(al Description 1: Amount realized 2: Original basis 3: Accum. depr. 4: Adjusted basis (2 — 3) 5: Gain (loss) (1 — 4) 6: §291 recapture % 7: §291 base (lesser of 3 or 5 8: 0| (§291) (6 x 7) §1231 gain (5 - 8) Problem 10-40(b} _ _ 5: Gain (loss) (1 — 4) - _ _ 6: Unrecap. §1250 gain - - (lesser of 3 or 5) 7: Remaining §1231 gain (5 — 6) Problem 10-42(a) Amount Problem 10-47(3) 1: Current §1231 gain — 2: Nonrecap. §1231 losses _ 3: Ordinary income (lesser of 1 or 2) 4: §1231 gain (1—3) — Problem 10-51 a. cl. b. e. c. Problem 10-52 3: Gain (loss) realized 4: Gain (loss) recognized 5: Deferred gain (loss) 4: Gain (loss) recognized 5: Deferred gain (loss) Adjusted basis in new propert Problem 10-56(d) — — — — _ _ _ Adjusted basns in new prOperty Problem 10—58(c) Amount 6: Amount not reinvested (4 ~— 5) Basis of replacement property (9 - 8) Problem 10-59 Description 1: Amount realized 2: Adjusted basis 3: Gain realized 4: Gross profit % (3/1) 5: Payment received year 0 Gain recognized year 0 (4 x S) 6: Payment received year 1 Gain recognized year 1 (4 x 6) 7: Payment received year 2 Gain recognized year 2 (4 x 7) Total gain recognized Problem 10-63 a. Amount _ _ — _ C . - — - - _ ...
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  • Spring '13
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