Taxable Gain

Taxable Gain

Any income or other money that is subject to taxation.
References in periodicals archive ?
In this case, the surrender of property and the amount of the taxable gain or loss are calculated the same way; however, they are treated differently.
Client's taxable gain is the sum of the cash he receives on surrender of the policy, plus the amount of debt discharged, minus his cost basis in the policy.
Conversely, in the context of the Basis Reduction Tax Trap, the abuse goes the other way, as the mandatory basis reduction causes the conversion of useless depreciation deductions into punitive phantom taxable gain.
As to the so-called nonrecourse liability relief included in the amount realized, Beulah contended the approximately $24,000 of taxable gain (74) (when she had only received net monetary consideration of $2,500) was not income within the meaning of the 16th Amendment meaning such a calculation violated Article I, Section 9, of the U.
6 /PRNewswire-FirstCall/ -- Lexington Realty Trust ("Lexington") , a real estate investment trust (REIT) focused on single-tenant real estate investments, announces that it is today revising downward its previous estimated taxable gain of approximately $4.
2031 and 2033; each portion of the future installment payments that represented taxable gain would be subject to income tax in the year of receipt.
APF is purchasing the two properties through a reverse 1031 exchange with 1156 Avenue of the Americas air right sale, which will enable it to defer substantially all of the taxable gain on sale.
The employee recognizes taxable gain on the disposition of the residence, unless it is excluded from gross income by the IRC section 121 principal residence exclusion.
This leaves him with a taxable gain of pounds 111,800.
Critics say the law was intended to permit tax-free restructuring of businesses among existing shareholders, not encourage prearranged sales to avoid a taxable gain.
The Company believes no taxable gain or loss will be recognized by any Noteholder who accepts the Exchange Offer.
As discussed below, the seller-employee may have taxable gain on the disposition of the residence, but does not have taxable compensation income for the employer's costs.