Description of Tax Bills (S. 1600, S. 1579, S. 108, S. 1464, and S. 1549: Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on August 1, 1983U.S. Government Printing Office, 1983 - 21 pages |
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Page 2
... loss from the disposition of capital assets is established in fixed dollar amounts . Thus , changes in the value of the dollar resulting from inflation are not taken into account for this purpose . The bill would provide for an ...
... loss from the disposition of capital assets is established in fixed dollar amounts . Thus , changes in the value of the dollar resulting from inflation are not taken into account for this purpose . The bill would provide for an ...
Page 5
... loss from a decline in value of the asset , only on the sale , exchange , or other disposition of the asset . If the taxpayer continues to hold the asset , no appreciation in value of the asset is includible in income , and no loss is ...
... loss from a decline in value of the asset , only on the sale , exchange , or other disposition of the asset . If the taxpayer continues to hold the asset , no appreciation in value of the asset is includible in income , and no loss is ...
Page 6
... loss is recognized . The allowance is not applicable to capital losses . Canada The Canadian Government , in its budget of April 1983 , proposed an elective indexation program for Canadian securities , known as the Indexed Security ...
... loss is recognized . The allowance is not applicable to capital losses . Canada The Canadian Government , in its budget of April 1983 , proposed an elective indexation program for Canadian securities , known as the Indexed Security ...
Page 7
... losses in the same manner as capital gains . * Investors would be allowed to transfer presently held securities to an ISIP ... loss on disposition . Assets eligible for the inflation adjustment would be certain corporate stock and real ...
... losses in the same manner as capital gains . * Investors would be allowed to transfer presently held securities to an ISIP ... loss on disposition . Assets eligible for the inflation adjustment would be certain corporate stock and real ...
Page 8
... loss to the extent of the excess . However , any loss created ( or increased ) by application of the infla- tion adjustment would be treated as a capital loss , regardless of other provisions of the Code . In the case of an asset ...
... loss to the extent of the excess . However , any loss created ( or increased ) by application of the infla- tion adjustment would be treated as a capital loss , regardless of other provisions of the Code . In the case of an asset ...
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Common terms and phrases
accredited acquisition adjusted basis allocation amount Armstrong assets held augmented charitable deduction beginning after 1982 bill would apply bill would provide business expense Business Holdings Provision capital asset capital gain cents a mile charitable organization Code sec Colorado Springs consumer price index corporations Date The provisions Debt-financed property December 31 deduct reasonable disposition divestiture requirements donated property education course taught Effective Date excess business holdings exempt trust Explanation of Provision fair market value gain or loss gas properties gross national product indexed assets individual retirement account inflation adjustment inflation occurring institution of higher instructor temporarily employed interest investment ISIP justment limited partner limited partnership oil and gas ordinary income passenger automobile physical or biological Pomar Foundation postsecondary vocational education present law private foundation real property special rule tax-qualified pension taxpayer may deduct tion trade or business unrelated business income unrelated trade vocational education courses vocational education instruction vocational education programs