Short Takes: Recent Developments of Interest to Investors

摘要

This installment of Short Takes discusses the same old, same old issues, but describes congressional, regulatory, and judicial developments that might shift our understanding of those issues. We look at, in order, developments affecting nonrecognition provisions in the Internal Revenue Code; determining character of gain and loss; realization and related issues; passive activity losses; hobby losses; and basis, capitalization, and depreciation.