Examlex
An exchange of two items of personal property (personalty) that belong to different general business asset classes qualifies for nonrecognition under § 1031 as long as both properties are used in the taxpayer's trade or business.
Decimated By Disease
A phrase often used to describe a significant reduction in a population due to widespread illness.
Cleared Fields
Land areas from which natural vegetation has been removed, often for agricultural purposes, development, or construction.
Pilgrims
Early settlers of the Plymouth Colony in present-day Massachusetts who left England seeking religious freedom in the early 17th century.
New Netherland
A 17th-century colonial province of the Dutch Republic that was located on the East Coast of North America.
Q15: If a taxpayer purchases a business and
Q27: Heather,age 48,is the sole remaining participant of
Q30: During the current year,Ethan performs personal services
Q34: In January 2016,Tammy acquired an office building
Q51: Bruce owns a small apartment building that
Q51: Under the taxpayer-use test for a §
Q120: Dena owns 500 acres of farm land
Q124: Melody's adjusted basis for 10,000 shares of
Q130: In the formation of a corporation under
Q189: An individual with a fiscal year of