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Technical

Rev. Rul. 2016-15 and the Uniform Application of Sec. 108 to QRPBI

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John Chen, CPA | Free | AICPA | 01 Nov 2016 | Tax Adviser Magazine

Income
Intermediate
Article

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The Internal Revenue Service ruled recently on the different application of Sec. 108 debt forgiveness for qualified real property business indebtedness depending on whether the property was held for sale or was used as a rental property, which this article explains.

Topics covered:

Tax: Technical: C corporation income taxation : Income, Intermediate
Tax: Technical: C corporation income taxation : Reporting & filing requirements, Intermediate

Technical

Rev. Rul. 2016-15 and the Uniform Application of Sec. 108 to QRPBI

Comments/Reflections

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