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.
This course is part of the U.S. Federal Taxation Specialization
About this Course
University of Illinois at Urbana-Champaign
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TOP REVIEWS FROM FEDERAL TAXATION II: PROPERTY TRANSACTIONS OF BUSINESS OWNERS AND SHAREHOLDERS
This course is very good starting point for obtaining an understanding of the Depreciation rules/ Asset classes employed
This course really taught me a lot about Capital Gains and Losses which will help me in my tax planning efforts both personal and business.
I am very grateful for everything I learned in this course, it is excellent!
The best Instructors in Coursera! Many thanks to instructors!
About the U.S. Federal Taxation Specialization
This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations.
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