Short Takes: Recent Developments of Interest to Investors
Author: Staff Editors.
Source: Volume 37, Number 03, Spring 2020 , pp.93-102(10)
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Abstract:
Recent rulings, and other authority regarding the nonrecognition provisions of the Tax Code; realization (and related) issues; the character of loss; hobby losses; and basis, and depreciation are addressed.Keywords: gain recognition, IRC Sec. 1033, IRC Sec. 1400Z, IRC Sec. 121, IRC Sec. 104(a)(2), installment method, cash method, qualified disaster losses, conservation easements, economic substance, character of losses, hobby losses, basis, depreciation
Affiliations:
1: Journal of Taxation of Investments.