Details

Taxation of Property Transactions

The first half of the course considers the federal income tax aspects of the acquisition, ownership, and disposition of tangible and intangible property including: concepts of realization and recognition of income and loss; basis of purchased property and the basis of property acquired by gift or by bequest; capitalization; cost recovery; acquisition and disposition of property subject to liabilities; mechanics of capital gains and losses; the effect of depreciation and depreciation recapture; installment sales and open transactions; imputed interest, and original issue discount. The second half of the course considers limitations on tax shelters and tax-structured transactions including the at-risk, passive activity, and other limitations on loss recognition; limitations on interest deductions; and the tax treatment of leasing transactions including the business purpose and economic substance doctrines, rent-leveling, and loss limitations. Method of Evaluation: Examination Method of Instruction: Problem Method Basic Federal Income Tax is a pre-requisite for JD candidates JD and non-Tax LLM students may only enroll in this class during the drop/add period. The class is not a biddable class for JD and non-Tax LLM students.


Catalog Number: TAXLAW 640
Practice Areas: Taxation Practice Area
Additional Course Information: LLM tax course open to JD students ,  Tax Program Course


Course History

Fall 2013
Title: Property Taxation
Faculty: Cameron, David L. (courses  |  homepage)
Section: 1     Credits: 2.0
Capacity: 59     Actual: 50



Fall 2012
Title: Taxation of Property Transactions
Faculty: Cameron, David L. (courses  |  homepage)
Section: 1     Credits: 4.0
Capacity: 59     Actual: 50



Fall 2011
Title: Property Taxation
Faculty: Cameron, David L. (courses  |  homepage)
Section: 1     Type: Lecture     Credits: 4.0
Capacity: 59     Actual: 53



Fall 2010
Title: Taxation of Property Transactions
Faculty: Cameron, David L. (courses  |  homepage)
Section: 1     Type: Lecture     Credits: 4.0
Capacity: 65     Actual: 48