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URL:https://www.learndesk.us/class/6277468010840064/lesson/8cf7778be002b713c6408c541bde3326?ref=outlook-calendar
SUMMARY:Snapshot Review: Unit Twelve Analysis of Capital Gain and Cash Flow
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/6277468010840064/lesson/8cf7778be002b713c6408c541bde3326?ref=outlook-calendar
DESCRIPTION: KEY TERMS
• Depreciation allows the owner of income property to deduct a portion of the property’s value from gross income each year over the life of the asset • Basis is the cost of a capital asset at a point in time • Depreciable bases are undepreciated improvement portion of the property • As the property is depreciated, or new capital improvements are added, the basis is adjusted accordingly and becomes a new adjusted basis • If real estate sale proceeds exceed the original cost, there is a capital gain that is subject to tax • If sale proceeds are less than the original cost with adjustments, there is a capital loss • An expense incurred by an income property that was paid to keep the property operating and maintained is a tax-deductible expense • Taxable income from investment real estate is gross income received minus any expenses, deductions, or exclusions that current tax law allows
CAPITAL GAIN ANALYSIS
• Capital gain on...

https://www.learndesk.us/class/6277468010840064/lesson/8cf7778be002b713c6408c541bde3326?ref=outlook-calendar
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