Recent Important Developments Affecting Exchanges, Sales, and Basis
This article discusses a number of important tax developments—legislative, administrative, and judicial—from the last twelve months. The focus is on developments that affect nonrecognition transactions; characterization, realization, and timing issues; and the determination of basis, a category that includes capitalization doctrine and depreciation rules.
Place of Original Publication
Journal of Taxation of Investments
21 (4) Journal of Taxation of Investments 402 (2004)
Jensen, Erik M., "Recent Important Developments Affecting Exchanges, Sales, and Basis" (2004). Faculty Publications. 499.