Examlex
A particular issue with which the physicians at Ellis Island had to contend during the testing procedure was the identification of:
Gross Assets
The total value of all assets owned by a company, individual, or entity before subtracting any liabilities.
Section 1202
A section of the Internal Revenue Code providing an exclusion from federal income tax for gains from certain small business stock held for more than 5 years.
Section 1221 Asset
Properties or assets, as defined by the IRS, that are used in a trade or business and are held for more than one year.
Rental Property
Real estate property leased or rented out to tenants, generating income for the owner.
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