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 |
From inside the book
Results 1-5 of 7
Page 5
... treated as gain from the sale of a capital asset . For a noncorporate taxpayer , only 40 percent of net capital gains ( i.e. , the excess of net long - term capital gain over net short - term capital loss ) is included in taxable income ...
... treated as gain from the sale of a capital asset . For a noncorporate taxpayer , only 40 percent of net capital gains ( i.e. , the excess of net long - term capital gain over net short - term capital loss ) is included in taxable income ...
Page 7
... treated as stock . Realty . The bill would provide for indexing of real property ( or any interest therein ) which is a capital asset or property used in a trade or business ( within the meaning of sec . 1231 ) . This includes land ...
... treated as stock . Realty . The bill would provide for indexing of real property ( or any interest therein ) which is a capital asset or property used in a trade or business ( within the meaning of sec . 1231 ) . This includes land ...
Page 8
... treated as a capital loss , regardless of other provisions of the Code . In the case of an asset acquired before 1984 , the GNP deflator for the quarter ending December 31 , 1983 , would be used to compute the inflation adjustment ...
... treated as a capital loss , regardless of other provisions of the Code . In the case of an asset acquired before 1984 , the GNP deflator for the quarter ending December 31 , 1983 , would be used to compute the inflation adjustment ...
Page 9
... treat- ed as a collapsible corporation with respect to a distribution or sale of stock ( sec . 341 ) , the full amount of gain which would be recog- nized and taxed as ordinary income under present law would con- tinue to be so treated ...
... treat- ed as a collapsible corporation with respect to a distribution or sale of stock ( sec . 341 ) , the full amount of gain which would be recog- nized and taxed as ordinary income under present law would con- tinue to be so treated ...
Page 19
... treated as being engaged in the same activities as any partnership ( whether limited or general ) in which the organization invests . Accordingly , if a tax- exempt organization becomes a limited partner in a partnership that owns a ...
... treated as being engaged in the same activities as any partnership ( whether limited or general ) in which the organization invests . Accordingly , if a tax- exempt organization becomes a limited partner in a partnership that owns a ...
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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