TRADING UP
01.Core Concepts
New PropertyCurrent Property $600,000FMV$450,000FMV ?AB$130,000AB FMV = 600kFMV = 450k $320,000Deferred GainDeferred Gain$320,000 $280,000New BasisBasis $130,000 Add $150,000 to the solution!
Income Tax Planning
Chapter 13: Nontaxable Exchanges/TRADING UP
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session