Federal Taxation II: Property Transactions of Business Owners and Shareholders

This course examines the U.S. federal tax system as it relates to property transactions of business owners and shareholders.

Topics include cost recovery, such as depreciation, amortization, and depletion; calculation of realized versus recognized gains and losses; evaluation of the potential tax effects of nontaxable exchanges; and the combining, or netting, gains and losses that are different in nature. Assignments facilitate self-discovery of knowledge and development of a variety of professional skills.