Corporate capital gain tax rate

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  • July 31, 2014 at 7:48 pm #187344
    Anonymous
    Inactive

    On the Becker, it says corporations do not get the benefit of lower capital gains rates. It also say section 1231 gains are entitled to capital gain treatment. That just make me so confused. So does Corporate’s 1231 gain get lower tax rate?

    Thanks!!!!!

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  • July 31, 2014 at 8:40 pm #583596
    Anonymous
    Inactive

    Corps dont get pref treatment on cap gains but 1231 losses can be used against ordinary income

    July 31, 2014 at 11:18 pm #583597
    Anonymous
    Inactive

    @Darcer Thanks!

    July 31, 2014 at 11:36 pm #583598
    Anonymous
    Inactive

    Corporations long term and short term capital gains are taxed at ordinary income rates.

    However they DO get the capital gain rate on 1231 gains. Darcer is correct about the 1231 ordinary losses. I just took REG today. Hopefully I did enough to pass because I really do not want to study this again!

    August 1, 2014 at 2:09 pm #583599
    Anonymous
    Inactive

    @Austin_109 Thanks! So corporation's 1231 gains are taxed at lower rate, right?

    Good luck on your REG!

    August 1, 2014 at 2:28 pm #583600
    Anonymous
    Inactive

    Correct. I verified this in my Becker book to make sure. Corporations do not get the benefit of lower capital gains rates, unless the gain is Sec 1231. If you have the Becker book, it is on page R4-29.

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