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5 Cards in this Set

  • Front
  • Back

Corprorate new tax basis

Old basis+ cash contrib


-debt assumed


-cash received


+gain recognized

New Gift Basis

Donor basis=your basis


FMV

Guaranteed payments

Deductible to partnership

Separately stated S partnrsgip

Rental


Portfolio


Tax exempt interest


Charity


1231 gains losses


Charitable


179

Losses

Net operating losses: 2 back, 20 forward


Capital: 3k offset, none back, indef


COrp: no 3 back, 5 future