Discussion:Sec 267 Loss - Sale to party related to 1/2 of joint owners
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| Revision as of 23:22, 26 October 2009 Jmwcpa (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 01:43, 27 October 2009 SCCPA (Talk | contribs) (The disallowance) Next diff → |
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| {{ForumNewPost|UserID=Jmwcpa|Date=26 October 2009|Text=If a husband and wife own property jointly and sell it to the daughter of ONE of them, do the disallowance rules apply to the entire loss? Does it matter if the property is owned as tenants in common as opposed to joint tenancy?}} | {{ForumNewPost|UserID=Jmwcpa|Date=26 October 2009|Text=If a husband and wife own property jointly and sell it to the daughter of ONE of them, do the disallowance rules apply to the entire loss? Does it matter if the property is owned as tenants in common as opposed to joint tenancy?}} | ||
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| + | {{ForumReplyPost|UserID=SCCPA|Date=27 October 2009|Text=The disallowance rules apply and it doesn't matter if it is tenants in common or joint tenancy. See Sections 267(c)(2) and (c)(4) IRC.}} | ||
Revision as of 01:43, 27 October 2009
Discussion Forum Index --> Advanced Tax Questions --> Sec 267 Loss - Sale to party related to 1/2 of joint owners
Discussion Forum Index --> Tax Questions --> Sec 267 Loss - Sale to party related to 1/2 of joint owners
| 26 October 2009 | |
| If a husband and wife own property jointly and sell it to the daughter of ONE of them, do the disallowance rules apply to the entire loss? Does it matter if the property is owned as tenants in common as opposed to joint tenancy? | |
| 27 October 2009 | |
| The disallowance rules apply and it doesn't matter if it is tenants in common or joint tenancy. See Sections 267(c)(2) and (c)(4) IRC. | |
