Learn about Carryover Basis in tax-deferred exchanges, including the adjusted tax basis of the property surrendered and its role in determining the tax basis of the property acquired.
In-depth explanation of Depreciable Basis, vital for asset management and taxation purposes.
Gain refers to the increase in value, measured by the difference between the adjusted tax basis and the selling price.
A detailed examination of phantom income, particularly in the context of leveraged real estate transactions and the tax consequences that arise when more depreciation is claimed than mortgage payments. Learn about taxable gain, adjusted tax basis, and its implications.
