Chapter 19: Related Party Issues & Other Complexities

In this section

• Disallowed Losses, Constructive Ownership & Deferred Gains
  Explore how direct or indirect family relationships can disallow immediate losses or gains, along with a practical cheat sheet on ownership attribution for CPA exam success.
• Wash Sales & Worthless Securities Treatment
  A thorough exploration of wash sale mechanics, the 30-day re-purchase rule, and the distinctions between partial and complete worthlessness in corporate stock and debt for CPA exam success.
• Abandonments & Partial Dispositions of Real Property
  Explore key tax considerations, examples, and strategies for handling abandonments and partial dispositions of real property—including how to allocate basis between disposed and retained components.
• State & Local Nuances in Multi-Jurisdictional Dispositions
  Explore how gains from property transactions are taxed across multiple states, including allocation vs. apportionment rules, best practices, and practical case studies to master state and local tax complexities.