Real Estate Transactions: Tax Planning and Consequences, 2012 ed. New Edition

Examines the tax consequences of real estate transactions, providing detailed examples from real-life situations, and offering cases, code provisions, rulings, regulations, checklists, and forms. Explains tax treatments of expenses, depreciation methods, tax basis of acquired property, passive losses and credits, and installment sales. Provides in-depth analysis of recent pronouncements and more advanced concepts impacting the field. Specific areas of discussion include basic real property principles, introductory tax concepts, expenses, non-fee ownership tax areas, credits, accounting concepts, tax-deferred transactions, subdivisions, construction and development, entities for ownership — tax characteristics, and non-income tax aspects.