Sale or Exchange of Property
Federal Tax Course – Lesson 6
Introduction | 601 |
Definition of Terms | 602 |
Selling Expenses | 603 |
Tax Treatment Depends on Type of Property Sold or Exchanged | 604 |
Sales and Exchanges of “Personal Use” Property | 605 |
Sales and Exchanges of Business and Investment Property | 606 |
What is a “Like-Kind” Exchange | 607 |
Trade or Exchange Involving Both Property and Money | 608 |
Exchange of Securities | 609 |
Exchanges of Insurance Policies | 610 |
How the Non-Recognition of Gain or Loss Affects Basis | 611 |
When is a Recognized Gain or Loss Reportable? | 612 |
Special Cases Where Gain on a Sale is Not Recognized | 613 |
Recognition of Gains and Losses — Summary | 614 |
Tax Planning Considerations | 615 |
Conclusion | 616 |