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发帖数: 28 | 1 版上的牛人们帮忙做几个题吧
1. Gainesville LLC sold the following business assets during the current
year: (1) machinery, $20,000 cost basis, $4,000 depreciation, proceeds $22,
000; (2) automobile, $15,000 cost basis, $12,000 depreciation, proceeds $7,
000; (3) equipment, $15,000 cost basis, $10,000 depreciation, proceeds $4,
000; (4) computer equipment, $35,000 cost basis, $16,000 depreciation,
proceeds $15,000; (5) Winchester had unrecaptured section 1231 losses of $5,
000 in the prior 5 years.
Require -> What is the amount and character of Winchester's gains and losses
before the 1231 netting process?
2. Marty is a 40% owner of MB Partnership. Marty has decided to sell his
interest in the business to Emilio for $100,000 cash plus the assumption of
his share of MB's liabilities. Assume Marty's inside and outside basis in MB
are equal. MB shows the following balance sheet as of the sale date:
Required -> What is the amount and character of Marty's recognized gain or
loss?
3. David owns 36,000 of the 90,000 shares of RichCo’s only class of
outstanding stock. His basis per share is $10, for a total basis of $360,
000. RichCo has E & P in excess of $2 million and an appraised value of $5,
400,000. David wants to liquidate part of his investment and the
corporation has agreed to redeem some of his stock. The company has offered
to redeem up to 12,000 shares at $60 per share.
Required：What is David’s capital gain if he redeems 5,000 shares? if he
redeems 12,000 share? |
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