Involuntary conversions /: Bruce N. Edwards, Esq., Sorensen &amp; Edwards, P.S., Seattle, Washington, www.sorensenandedwards.com.

Edwards, Bruce N.,; Tax Management Inc.; Bloomberg Tax &amp; Accounting.

Involuntary conversions / Bruce N. Edwards, Esq., Sorensen & Edwards, P.S., Seattle, Washington, www.sorensenandedwards.com.

Edwards, Bruce N., author.; Tax Management Inc.; Bloomberg Tax & Accounting.

2008

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Author

Edwards, Bruce N., author.

Title

Involuntary conversions / Bruce N. Edwards, Esq., Sorensen & Edwards, P.S., Seattle, Washington, www.sorensenandedwards.com.

Added Corporate Author

Tax Management Inc.
Bloomberg Tax & Accounting.

Imprint

Arlington, VA : Tax Management, [2008]-
[Arlington, Va.] : Bloomberg Tax & Accounting

Description

1 online resource.

Frequency

Updated irregularly

Series

Tax management portfolios ; 568-5th.

Formatted Contents Note

Detailed analysis. Introduction
What Constitutes an Involuntary Conversion
Tax Consequences of Conversions into Similar Property Only: [section] 1033(a)(1)
Tax Consequences of Conversion Into Dissimilar Property Only: [section] 1033(a)(2)
Tax Consequences of Conversion Into Both Dissimilar and Similar Property
Making the Various [section] 1033 Elections
Making the [section] 1033(a)(2) Replacement
Special Problems and Planning Opportunities
Mortgages and Liens
Miscellaneous Expenses and Payments
Conversions of [section] 1245
Section 1033 and the Rehabilitation Credit
Working Papers.

Summary

"Tax Management Portfolio, Involuntary Conversions, No. 568-5th, analyzes the tax problems that arise in connection with involuntary conversions resulting from the theft, destruction, seizure, requisition, or condemnation of property. Where property is condemned or is lost through theft, fire, or a similar event and the owner receives compensation for such "involuntarily converted" property, taxable gain normally results to the extent the value of the compensation exceeds the basis of the converted property. Section 1033 is a relief provision that allows the taxpayer to defer the recognition of gain."

Bibliography, etc. Note

Includes bibliographical references.

Source of Description

Description based on contents viewed on Septemer 14, 2020; title from portfolio description page.

Location

www

Available in Other Form

Print version: Edwards, Bruce N. Involuntary conversions. Arlington, VA : Bureau of National Affairs, 2019-

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Alternate Title

BNA Premier package.