Fed Tax Outlines
MISTAKE: Under Income, Basis, Type of basis, carry over
the second sentence should read "less than fair mkt value" not "more than
fair mkt value"
It's been corrected...
- Fed Tax Intro: Sys. & Eq. 4
- Excl's from Income: Fringe
Benefits, Imputed INcome, Gifts, State & Local Bonds, Cert. Canceled
Debt, Ins., & Pers'al Phys'al Inj.
- Income: Acct'ing Sys., Canceled
Debt, Windfalls, Annuity K, Illegal Income, Damages, Basis,
Realization, & Recog.
- Deductions: Busi. Cost, Loss &
Bad Debt, Pers'al Cost, & Int.
- Cap. & Depreciation
- Nonrecog. of Gain / Loss 7 Cap. Gain /
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Ms. Haeji Hong
December 11, 1997