[Mars2010]

Some thing confusing;

In R1 page 48; becker talking about assets used in business are not capital assets.

While late in R3 page 19, talking about capital gains and capital losses for corporations, why this concept introduced in corporations? they said before capital assets are not used in business, how there is capital gains now in corporations?

Thanks in advance.

[tough_kitty]

Capital assets:

– held for personal use

– held for investment

– goodwill

The last two would apply to corporations.

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[tough_kitty]

Capital assets:

– held for personal use

– held for investment

– goodwill

The last two would apply to corporations.

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[tough_kitty]

Also, sale of sec. 1231 assets can generate capital gain.

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[tough_kitty]

Also, sale of sec. 1231 assets can generate capital gain.

FAR: 81 (May 2013)
BEC: 81 (July 2013)
REG: 83 (August 2013)
AUD: 82 (November 2013)
California CPA since 1/30/14

[Author]

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