Question

An a result of TCJA the rules for like-kind exchange were changed . The law affects:...

An a result of TCJA the rules for like-kind exchange were changed . The law affects:

A. Individuals C Corporation , S corporation,partnerships (general or limited ) limited liability companies trusts and any other taxpaying entity.

B. C corporations , S corporations ,partnerships (general or limited ,limited liability companies, trusts but not corporations

C. individuals S corporations ,partnership(general or limited) limited liability companies,trusts but not corporations.

D. Individuals S corporations . S corporation, partnership ( general or limited ) limited ,trusts but not limited liability companies.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Hi

Solution: Answer: A. Individuals C Corporation, S corporation,partnerships (general or limited ) limited liability companies ny other taxpaying entit Explanation: Now Section 1031 is applicable on Real property applicable to all entities. It is standardized. No explanaiton require.

Add a comment
Know the answer?
Add Answer to:
An a result of TCJA the rules for like-kind exchange were changed . The law affects:...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The Tax Cuts Job Act (TCJA) changed the rules for like-kind exchanges so that they no...

    The Tax Cuts Job Act (TCJA) changed the rules for like-kind exchanges so that they no longer apply to personal property. Discuss why the legislators made this change and whether it will be good for the generation of income tax revenue in the future. In a follow-up post, find a classmate's post you disagree with and professionally try to persuade him or her to agree with your points. Remember to avoid any political bias in your posts.

  • C corporations are not pass through entities like S corporations or LLC's. C corporations are subject...

    C corporations are not pass through entities like S corporations or LLC's. C corporations are subject to the double taxation concept on corporate earnings. This is where corporate earnings are taxed at both the entity level and a second time when the earnings are distributed to shareholders in the form of dividends. Let's discuss this double taxation for a moment and put some numbers to it. Let's say that a C corporation has $1,000,000 in taxable income. Under the new...

  • for the first box for the entity can elect to be taxed as an (Limited Liability...

    for the first box for the entity can elect to be taxed as an (Limited Liability company, limited liability partnership, partnership, S corp) and for the second box there are forms (1065,1120,2553,8832) and lastly (corporations, limited liability partnership, limited liability companies, partnerships) Hoffman Microsoft Edge - 0 mato.com/StudentPlayerHomeworkshomeworld-5574996208question de 18 flushed ld-5863724&centerwin wye Corporate Tax (Spring 2020) Nick Hoffman & | 02/01/201:08 PM Save Homework: Chapter 2 Homework Score: 0.2 of 1 pt 2 of 21 (11 complete) * QC:2-4...

  • Veronica is interested in forming a partnership and is conducting research into partnership agreements. Based on...

    Veronica is interested in forming a partnership and is conducting research into partnership agreements. Based on her reading of her Business Law textbook, one of the following statements is incorrect. Choose the statement that is INCORRECT. Select one: a. The rights of outsiders dealing with the partnership, are, without notice, unaffected by any agreement between the partners. O b. A partnership can be found to exist by the courts even where parties clearly state in a contract that they are...

  • Question 4 The Companies Act 2016 repeale landscape of company law all aspects of company law...

    Question 4 The Companies Act 2016 repeale landscape of company law all aspects of company law in Malaysia. CL 2016 repealed the Companies Act 1965 and changed the mpany law in Malaysia. The Companies Act 2016 reformed almost Required: By referring ning to the Companies Act 2016, insert the correct sections in column (A) for each description in column B. any TORRELODON connnnnnnnnnnnnnn0000seccanonum m Column A Example: Section 3 Column B Corporation refers to any body corporate formed or incorporated...

  • 3. Matching: Match these characteristics to their business form(s)/structure(s). Write the corresponding uppercase letter or letters...

    3. Matching: Match these characteristics to their business form(s)/structure(s). Write the corresponding uppercase letter or letters on the line(s). The number of blanks correspond to the number of letters that apply to that characteristic, use only one letter per blank (1 points per blank- 25 total) Owned by a singled individual Owned by two or more people (not called A. Sole Proprietorship B. General Partnership C. C Corporation D. S Corporation a. shareholders) Owned by shareholders _Proprietors) has full liability...

  • TRUE OR FALSE/ MULTIPLE CHOICE and word response questions. C. a more permanent government involvement in the ba...

    TRUE OR FALSE/ MULTIPLE CHOICE and word response questions. C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....

  • 1. The limited liability company may elect to be manager-managed rather than member-managed, which means that...

    1. The limited liability company may elect to be manager-managed rather than member-managed, which means that only authorized members may legally bind the corporation. a. True b. False 2. A corporation is a separate entity for accounting purposes but not for legal purposes. a. True b. False — 3. When compared to a corporation, one of the major disadvantages of the partnership is its limited life. a. True b. False _ 4. Each partner may withdraw the assets he or...

  • Please read the article and answer about questions. You and the Law Business and law are...

    Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

  • End of Chalpl Answer True (T) or False (F): 1. A business owned by one person...

    End of Chalpl Answer True (T) or False (F): 1. A business owned by one person is called a corporation 3. Investment capital is the money needed to start a business. 4. When loaning money, the lender usually requires the borrower to -2. Inventory means the supply of products a store sells. have somethi ing of value to guarantee that the loan will be repaid. loans usually do not require collateral. ness 5. Unlike 6. In a general partnership, all...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT