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The Home Sale Gain Exclusion
Oleh:
Bryant, Jeffrey J.
;
Foran, Nancy J.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Accountancy vol. 194 no. 4 (Oct. 2002)
,
page 85-104.
Topik:
SALE
;
home sale
;
gain exclusion
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ85.15
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
For many tax payers their residence is their most valuable asset. With the continuing increase in home prices, the gain realized on a sale could be significant. Provisions of the Tax payer Relief Act of 1997 allow most to exclude from income the gain on the sale of a home without even reporting the transaction on their tax returns. Proposed regulations clarify the requirements for excluding the gain from income and give CPA s opportunities to suggest new tax planning strategies to their clients.
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