Basic Federal Income Taxation: Property Transactions: Computation of Gain and Loss Realized

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This lesson is best used after studying Federal Income Taxation: Property Transactions, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving the computation of gain and loss realized under Internal Revenue Code §§ 1001, 1011-1016.

Learning Outcomes
On completion of the lesson, the student will be able to:
1. Explain how to compute basis in a purchase where a commission is paid.
2. Explain how to compute gain and loss realized on the sale of property.

20 minutes

Basic Federal Income Taxation: Property Transactions: Computation of Gain and Loss Realized
by
James Edward Maule
Professor of Law
Villanova University School of Law


Charlene D. Luke
Professor and Associate Dean for Tax Programs
University of Florida Levin College of Law



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Version 08/22/2018