Recorded gain on sale of real estate of $503,000, including $178,000 from the sale of undeveloped land located in Half Moon Bay, California and $325,000 from the recognition of a portion of previously deferred gain
under the installment method due to partial repayment received on a carryback loan related to a property that had been sold in 2012
In 2007, the Company received net proceeds of approximately $58 million from the closing of this transaction and recorded a corresponding net deferred gain
as a result of guarantying a portion of the property's indebtedness.
338(h)(10), Target would be deemed to liquidate, meaning the stock of Target (the item to which the deferred gain
relates) would no longer exist as an asset within the Parent consolidated group.
AAWW's results for 2008 are expected to include a previously announced deferred gain
of about USD155m (pre-tax) related to DHL Express' investment in a 49% equity interest in Polar Air Cargo Worldwide Inc.
Under a duly flied election, in the event of a taxpayer's death, the reproperty is included in his or her gross estate at fair market value, thus permanently avoiding federal income tax on the deferred gain
The Corporation recorded a pre-tax deferred gain
3) In effect, the taxpayer's deferred gain
is preserved in the reduced basis for the stock.
In addition, we recognized the deferred gain
on the sale of a building sold 2002 and the deferred gain
from collection of two note receivables in accordance with the requirements per SFAS No.
This is especially burdensome if there is deferred gain
associated with the properly from previous See.
The redemption of the Series A Units is expected to trigger recognition of a pre-tax operating gain of approximately $68 million representing the portion of the deferred gain
attributable to the Series A Units.
1031 deferred gain
10,900 Recognized gain $0 Basis of replacement property $424,100 Exhibit 2: Example 2's tax ramifications Realized gain $255,900 Sec.
Section 1033 applied and both gains were deferred, but the taxpayer's basis in the new residence was $100,000 ($130,000 less the deferred gain