TAX 502 - Inc Taxation of Prop Trans I

Institution:

University of Michigan-Dearborn

Subject:

Tax

Description:

This course will survey several fundamental areas relating to the income taxation of property transactions. Topics will include noncash receipts and payments, introduction to basis, realization and recognition concepts, transactional losses including bad debt expense, limitations on transactional loss deductions cost recovery procedures, the general effect of debt on basis and amount realized calculations, and characterization issues. The planning and business aspects of these topics are emphasized.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.umd.umich.edu/

Phone Number:

(313) 593-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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