Examlex
Describe the differences between M1 and M2.
Land Value
The market value of a piece of land, not including any buildings, improvements, or other structures on it.
Schedule K-1
A tax document used to report the income, losses, and dividends of a partnership or S corporation's shareholders or partners.
Short-term Capital Gains
Profits from the sale of an asset held for one year or less, taxed at ordinary income tax rates.
Tax Treatment
Refers to the method or rules applied in determining how an item or situation is taxed, affecting the financial outcome.
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