Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" ... having received gain which is to be recognized in the year the taxpayer disposes of the property. The gain is to be the excess of the fair market value of the property disposed of over the taxpayer's adjusted basis in the property. Of course, the... "
Description of Tax Bills (S. 120, S. 1397, S. 1584, S. 1814, S. 1815, and S ... - Page 14
1983 - 14 pages
Full view - About this book

General Explanation of the Tax Reform Act of 1976: (H.R. 10612, 94th ...

United States. Congress. Joint Committee on Taxation - 1976 - 710 pages
...recognized under this provision is to be limited to the amount of the foreign losses not vet reoantured. In the case of a recapture resulting from the disposition...future years is reduced by the full amount of the gain. For purposes of the recapture provisions, the term "disposition" includes a sale, exchange, distribution,...
Full view - About this book

  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF