a. For purposes of the charitable contribution deduction, what is capital gain property? Ordinary income property? b.
Question:
a. For purposes of the charitable contribution deduction, what is capital gain property? Ordinary income property?
b. What is the significance of classifying property as either capital gain property or ordinary income property?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
a Capital gain property is property held over one year upon which a longterm capital gain would be r...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Question Posted:
Students also viewed these Business questions
-
What would be the amount of the charitable contribution on an M1-Report? Corporate financial statement: net income of $146,600 including tax expense of $70,850, charitable contributions of $28,000,...
-
What are qualified education expenses for purposes of the student loan interest deduction?
-
What is a large corporation for purposes of the estimated tax rules? What special rules apply to such large corporations?
-
Let B > 0. Show that the maximum of (x 1 , . . . , x n ) = x 1 + + x n subject to x 2 1 + + x 2 n = B 2 is nB. Conclude that for all numbers a,..., an lal++lanl n(a + + a) / 1/2
-
Determine the intial and final value of F(s) given by the expression F(s) = 2(s + 2)/s(s + 1) F(s) = 2(s2 + 2s + 6)/s(s + 1) F(s) = 2s2 + s(s + 1) (s2 + 2s +2)
-
Refer to the following matrices: How many elements are there in B? In D? -4 0 A = [2 19 6 -5 B = D -19 0 8 7 2 4 0 C = [2 -3 0] || -4
-
1. What common factor might explain the high price paid for drinks on trains or at pop concerns and the high price paid by supporters to watch top football clubs? 2. A football club is newly promoted...
-
A 10-year, 12% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1,060. The bond sells for $1,100. (Assume that the bond has just been issued.) a. What is...
-
How can the utilization of principled negotiation frameworks facilitate the attainment of win-win solutions in multi-party conflicts characterized by intricate power dynamics and conflicting value...
-
Two items are selected at random from a box that contains some tags and some labels. Selecting two tags is five times as likely as selecting two labels. Selecting one tag and one label is six times...
-
When is interest generally deductible for cash method taxpayers? Explain if the general rule applies to prepaid interest, interest paid with loan proceeds, discounted notes, and personal interest. If...
-
How is the amount of a charitable contribution of capital gain property determined if it is donated to a private non-operating foundation? How does this determination differ if capital gain property...
-
In Example 14.2-1 suppose that the overhead cost associated with each ticket is $100. Reproduce the graph in Figure 14.1 to provide the net revenue. Does the optimum price per ticket change? Example...
-
Make the following assumptions: (i) client and server are connected by a direct link, whose transmission rate is R, (ii) round-trip time (RTT) between client and server is denoted by T. (iii) the...
-
Assume a cache (web proxy) is deployed in company A LAN. Assume the following about user's requests and network links: RTT from the company router to origin server: 1 sec The company access link...
-
CNNs capital structure is made of 50% ordinary shares; 30% preference share and 20% debt, cost of debt is 9 per cent. The risk-free rate is 3%, beta of CNN is 1.20 and the market risk premium is 12%....
-
find out the common element between two matrices given by user by c language
-
Suppose x, and x are two input neurons and z, and z2 are the hidden neurons with single output y in a neural network. Weights between input and hidden neurons are {v., Vas, Viz, Vaz), and between...
-
Determine the taxable income for a company that had gross income of $36.7 million, earnings before interest and income taxes of $21.4 million, and depreciation of $9.5 million.
-
Why are stocks usually more risky than bonds?
-
In each of the following scenarios, indicate why Adobe Corporations accumulation of earnings might be unreasonable relative to its business needs. Provide one or more arguments the corporation might...
-
Lion Corporation is concerned about a potential accumulated earnings tax liability. It accumulates E&P for working capital necessary to conduct its manufacturing business. The following data appear...
-
In each of the following scenarios, calculate the accumulated earnings credit. Assume the corporation uses a calendar year as its tax year. Also assume that it realizes no current year capital gains....
-
4. Assume that country A's saving level is fixed at SA = 10 and country B's saving level is fixed at SB 25. Except the saving level, these two countries share the same economic parameters. In every...
-
How do advanced query planning strategies such as multi-stage optimization, bushy tree optimization, and join order enumeration address the combinatorial explosion of query plan search space,...
-
The number 456,123,789 can be written in scientific notation as the product of 4.56123789 and 108. That is, 456,123,789 = 4.56123789 10. The decimal point always immediately follows the first nonzero...
Study smarter with the SolutionInn App