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20 Cards in this Set
- Front
- Back
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S 1001
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Determination of Amount and Recognition of Gain or Loss
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S 1011
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Adjusted Basis for determining Gain or Loss
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S 1012
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Basis of Property - Cost
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S 1014
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Basis of Property - Acquired from Decedent
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S 1015
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Basis of Property - Acquired by Gifts and Transfers in Trust
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S 1016
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Adjustments to Basis
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S 1341
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Claim of Right - Computation where TP restores substantial amount held under claim of right
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S 61
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Gross income defined
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S 62
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Adjusted income defined
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S 63
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Taxable income defined
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S 170
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Charitable Contributions and Gifts
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S 102
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Gifts and Inheritances - Exclusion
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S 104
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Compensation for Injuries - Exclusion
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S 108
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Income from Discharge of Indebtedness - Exclusion if title 11, insolvent - but reduction of tax attributes
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S 117
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Qualified Scholarships - exclusion
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S 167
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Depreciation
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S 168
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Accelerated Cost Recovery System ACRS
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S 197
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Amoritzation of Goodwill and other Intangibles
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S 263(a)(1)
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Capital Expenditures are not a current deduction
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S 195(b)(1)
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immediately deduct $5000 of start up costs phased out from $50,000 up dollar for dollar.
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