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taxation summarizes the types of income produced by the various categories of property and their income disposition Figure 6 - 1 - Classification Of Income
taxation
summarizes the types of income produced by the various categories of property and their income disposition
Figure 6 - 1 - Classification Of Income Use Of Property Used In Business Depreciable Non-Depreciable Acquired As Investment Depreciable Non-Depreciable Acquired For Resale Acquired For Personal Use Income While Held Business Income Business Income Property Income Property Income Generally None None Income At Disposition Capital Gain, Recapture, Terminal Loss, Or No Income Capital Gain (Loss) Capital Gain, Recapture, Terminal Loss, Or No Income Capital Gain (Loss) Business Income (Loss) Capital Gain (In general, losses are not deductible)
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