Basic Federal Income Taxation: Property Transactions: Capital Gain Mechanics

This lesson is best used after studying Federal Income Taxation: Property Transactions, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving capital gain mechanics under Internal Revenue Code § 1222.

Learning Outcomes

On completion of the lesson, the student will be able to:

1. Explain how to calculate "net capital gain."
2. Explain how to calculate "capital gain net income."
3. Explain the differences between gross capital gain, net capital gain, and capital gain net income.