Examlex
If the special use valuation method is elected and certain continuing requirements are not satisfied, recapture occurs.
What is the amount of recapture and upon whom is it imposed?
Artistic Works
Original items or creations, like paintings, music, literature, etc., often protected by copyright law.
Capital Assets
Long-term assets such as property, plant, and equipment that are used or held for investment purposes, the sale of which results in capital gains or losses.
Gift
Something voluntarily transferred by one person to another without compensation.
Short-term Capital Loss
A loss realized from the sale or exchange of a capital asset held for one year or less.
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