Federal Taxation II: Property Transactions of Business Owners and Shareholders

This course focuses on how the U.S. federal tax system applies to property transactions for shareholders and business owners. It covers cost recovery, including amortization, depreciation, and depletion, as well as the calculation of realized and recognized gains and losses. The course also explores the tax consequences of nontaxable exchanges and the combination of gains and losses of different natures. The assignments in this course allow for self-discovery and the development of various professional skills. Overall, this course provides a comprehensive understanding of the taxation of business income and property tax in the U.S.