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53 Cards in this Set
- Front
- Back
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Depreciation
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§§167(a), 1016(a)(2)
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Treatment of debt on basis and amount realized
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§1.1001-2(a)
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Repairs & maintenance of tangible property
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§1.162-4T
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Proceeds from life insurance on insured’s death
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§101
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Gifts, bequests, inheritances
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§102
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Interest on state and local bonds
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§103
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Non-recognition of in-kind exchanges of property held for investment
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§1031
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Compensation for injuries or sickness
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§104
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Non-recognition of property transfers between spouses or incident to divorce
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§1041
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Premiums paid by employer and benefits paid out from accident & health plans
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§105 & 106
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Income from discharge of indebtedness
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§108
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Improvements by lessee on lessor’s property
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§109
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Losses from wash sales of securities
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§1091
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Qualified scholarships
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§117
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Meals and lodging furnished for convenience of employer
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§119
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Gain from sale of principal residence
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§121
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Capital assets defined
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§1221
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Section 1231 property defined and rules regarding Section 1231 gain / loss
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§1231
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Trade or business expenses (ATL)
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§162
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Interest (BTL)
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§163
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Taxes (BTL)
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§164
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Losses (Both ATL and BTL)
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§165
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Charitable, etc., contributions and gifts (BTL)
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§170
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Net operating losses (NOLs)
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§172
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Expensing of certain small business assets
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§179
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Amortization of goodwill and other intangible properties
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§197
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Expenses for household and dependent care services necessary for gainful employment
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§21
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Expenses for production of income (BTL)
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§212
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Alimony (ATL)
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§215
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Child Tax Credit
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§24
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Personal, living, and family expenses
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§262
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Capital expenditures
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§263
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Transactions between related taxpayers
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§267
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Certain meals and entertainment (ATL & BTL)
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§274
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Certain Taxes
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§275
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Earned Income Tax Credit
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§32
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Gross income is income from whatever source derived
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§61(a)
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Reimbursed business expenses of employees (ATL)
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§62(a)(2)
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Itemized deductions and 2% floor
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§67
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Alimony
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§71
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Child support payments
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§71
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Annuities
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§72
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Prizes and awards
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§74
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Property transferred in connection with performance of services
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§83
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Expenses incurred in seeking employment in a new trade or business
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Rev. Rul. 75-120
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No-additional-cost service -
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§132(b)
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Qualified employee discount -
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§132(c)
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Working condition fringe -
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§132(d)
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De minimis fringe -
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§132(e)(1)
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Qualified transportation fringe
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§132(f)
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Personal property recapture
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§1245
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Real property recapture
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§1250
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Uncaptured real property recapture
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§1(h)
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