Description:
This book is for preparing 2022 taxes. When buying or selling assets, the basis of those items is critical to the future calculation of capital recovery, gain or loss realization and recognition, and depreciation. This e-book provides the tools to determine an asset’s initial basis and adjustments to that basis. Assets discussed include tangible or intangible property, including real and personal property, stocks, bonds and mutual funds, as well as partnership and S corporation interests.
View Table of Contents.
Topics include:
- Identifying basis based on various means of acquisition including purchase, creation, gift and inheritance
- Identifying payments capitalized as part of basis and those expensed as a current operating expense
- Calculating the basis of stocks
- Calculating the basis of mutual funds using the allowable methods
- Applying the timing and ordering of basis adjustments
- Differentiating between the partner’s outside and inside basis in a partnership
- Identifying the differences between the shareholder’s stock basis and debt basis in an S corporation
Product Details:
Item Number: E22305
Level: Basic
Authors: NATP Staff
Published: 2022
Format: Electronic PDF - 94 Pages
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Corresponding CPE Courses:
Get this e-book FREE when you purchase the 2022 corresponding course when available.
Purchase Info:
When purchase is complete, you can obtain your product at My Downloads.
Electronic products are nonreturnable.