taxation of individuals property dispositions

《taxation of individuals property dispositions》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。

1、spi6235x_ch10_000-047.inddPageii30/01/137:46PMf-499~/Desktop/MH01795:201:SPILKER/c10chapter10PropertyDispositionsLearningObjectivesUponcompletingthischapter,youshouldbeableto:LO10-1Calculatetheamountofgainorlossrecognizedonthedispositionofassetsusedin

2、atradeorbusiness.LO10-2Describethegeneralcharactertypesofgainorlossrecognizedonpropertydispositions.LO10-3Explaintherationaleforandcalculatedepreciationrecapture.LO10-4Describethetaxtreatmentofunrecaptured§1250gainsanddeterminethecharacterofgainsonpro

3、pertysoldtorelatedparties.LO10-5Describethetaxtreatmentof§1231gainsorlosses,includingthe§1231nettingprocess.LO10-6Explaincommonexceptionstothegeneralrulethatrealizedgainsandlossesarerecognizedcurrently.spi6235x_ch10_000-047.inddPage130/01/137:46PMf-49

4、9~/Desktop/MH01795:201:SPILKER/c10StorylineSummaryTaxpayer:TetonMountaineeringTechnologiesLLC(Teton)—acalendar-year,single-memberLLC(treatedasasolepro-prietorshipfortaxpurposes)President:SteveDallimoreLocation:Cody,Wyomingymostmeasures,TetonMountainee

5、ringBTechnologiesLLC(Teton)hasbecomeasuccesswithsponsoredclimberssummitingtheworld’shighestpeaks,satisfiedcustomerscreatingbrandloyalty,andprofitabilityimprovingsteadily.However,afterseveralyearsofoperation,someofTeton’smachineryiswearingoutandmustber

6、eplaced.Further,becauseTetonhasoutgrownitsmanufacturingcapacity,Steveisconsideringwhethertoexpandthecompany’scurrentfacilityorsellitandbuildanewoneinadifferentlocation.StevewouldliketoknowhowanyassetdispositionswillaffectTeton’staxbill.Stevehasfoundaw

7、illingbuyerforTeton’smachinery,andhehasoptionsfortradingtheequipment.Fortaxpurposes,doesitmatterwhetherhesellsortradestheequipment?StevealsohasquestionsabouthowtobestmanageTeton’sacquisitionsanddispositionsofrealproperty.Itallseemsabitoverwhelming....

8、Hepicksupthephoneanddialshistaxaccountant’snumber.■10-1spi6235x_ch10_000-047.inddPage230/01/137:46PMf-499~/Desktop/MH01795:201:SPILKER/c1010-2chapter10PropertyDispositionsYoucanimaginewhyStevemightbeeagertoreachhisaccountant.Taxaccountingwidel