This treatment will yield the correct result if the S corporation has other shareholders that did not transfer depreciated property
, because the basis rules will prevent these other shareholders from benefiting from the built-in loss.
The carryover basis rules on gifts of depreciated property
are more complex.
174 expenditures to the extent the depreciated property
is used in connection with research and experimentation.
While revenues from income and sales taxes have slowly climbed back to pre-recession levels, depreciated property
values are now working into the assessment process.
Legislative policy is that on certain dispositions of depreciated property
the seller realizes a gain that is, at least in part, attributable to depreciation.
Taxpayers are not required to identify the reservation on which the depreciated property
Additionally, the depreciated property
will have a stepped-up basis that will provide a larger depreciation deduction going forward.
Until fairly recently, this same treatment applied when a shareholder contributed depreciated property
Properties affected by damage from criminal activity often suffer from reduced curb appeal, increased resident apathy toward property maintenance and depreciated property
Daikyo group companies became burdened with hugely depreciated property
due to the bursting of the bubble economy.
To be considered for redevelopment, an area must have high vacancy rates, depreciated property
values, or have defective design construction, inadequate size or inadequate parking.
Moreover, is appreciated or depreciated property
being contributed to the joint venture?