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  2. 1231 property - Wikipedia

    en.wikipedia.org/wiki/1231_property

    Gains and losses under 1231 due to casualty or theft are set aside in what is often referred to as the fire-pot (tax). These gains and losses do not enter the hotchpot unless the gains exceed the losses. If the result is a gain, both the gain and loss enter the hotchpot and are calculated with any other 1231 gains and losses.

  3. Like-kind exchange - Wikipedia

    en.wikipedia.org/wiki/Like-kind_exchange

    The receipt of a boot will trigger recognition of gain when gain is realized on the exchange of the original asset, as shown above. A boot does not trigger recognition when a loss is realized. For example: Ashley trades in a business truck with an adjusted basis of $27,000 for another business truck worth $18,000 plus $2,000 of cash.

  4. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    The remainder of any gain realized is considered long-term capital gain, provided the property was held over a year, and is taxed at a maximum rate of 15% for 2010-2012, and 20% for 2013 and thereafter. If Section 1245 or Section 1250 property is held one year or less, any gain on its sale or exchange is taxed as ordinary income.

  5. Unrealized gains or losses: What they are and how they work - AOL

    www.aol.com/finance/unrealized-gains-losses...

    Do you have unrealized gains or losses? Here’s how to calculate them and what to do. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways ...

  6. Here's where Wall Street sees stocks heading after the best 2 ...

    www.aol.com/finance/heres-where-wall-street-sees...

    Given his 6,100 call for the end of 2024, Belski's forecast returns in 2025 at 9.8%, right in line with the index's average historical gain. The median year-end target for the S&P 500 among ...

  7. Gain (accounting) - Wikipedia

    en.wikipedia.org/wiki/Gain_(accounting)

    In financial accounting (CON 8.4 [1]), a gain is when the market value of an asset exceeds the purchase price of that asset. The gain is unrealized until the asset is sold for cash, at which point it becomes a realized gain. This is an important distinction for tax purposes, as only realized gains are subject to tax.

  8. Savings interest rates today: Ring in the new year with APYs ...

    www.aol.com/finance/savings-interest-rates-today...

    Employers added 227,000 jobs to payrolls in November — significantly higher than economists' expectations and a dramatic increase from October's revised gain of 36,000 jobs.

  9. Nonrecognition provisions - Wikipedia

    en.wikipedia.org/wiki/Nonrecognition_provisions

    When the new asset is sold or exchanged in a taxable transaction, the realized gain or loss from the first transaction will then be recognized. Preservation of the unrecognized gain or loss is accomplished by giving the new asset a cost basis equal to the adjusted basis of the old asset. Therefore, when you see a nonrecognition provision, you ...