The newsletter reports on changes in the Internal Revenue Code (IRC), pertinent IRS regulations or rulings, and court decisions relating to the sections of the IRC pertinent to real estate investors:

IRC § - Subject of Code section
55 - Alternative minimum tax
108 - Discharge of indebtedness
121 - $250,000-per-person exclusion of gain on sale of residence
162 - Business expenses
163 - Interest expense
164 - Taxes expense
165 - Casualty losses
167 - Depreciation
168 - Accelerated Cost Recovery System (depreciation)
170(f) - Charitable remainder trust deductions
179 - First-year expensing
190 - Removal of handicap barriers expense
263(a)(1)(E) - Removal of handicap barriers expense
280A - Home office, renting out rooms, vacation rentals, etc.
453A - Installment sales
469 - Passive loss limits
1011 - Adjusted basis
1012 - Cost basis
1014 - Heir's basis
1015 - Gift recipient's basis
1016 - Adjustments to basis
1017 - Discharge of indebtedness
1031 - Tax-free exchanges
1033 - Involuntary conversions (casualty or eminent domain loss)
1221(2) - Depreciable capital asset definition
1222 - Definitions of capital gains and losses
1231 - Depreciable business capital assets

Thanks,

John T. Reed