Article Date:
December 2012


Word Count:
625

 

 

Tax Loss Trapped by Trade-In of Business Car


During our October 3, 2012, webinar for tax professionals, we received a question: Why not simply elect out of Section 1031 treatment when you have a big loss deduction on the trade-in of vehicles?

 

Our speaker that day said that he did not know the answer off the top of his head, but that he would research the question and send the answer to the webinar attendees.

 

The research for that answer prompted this article.

 

Situation

 

Henry Bird runs a successful small business, ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee