Nontaxable Disposition of Assets
A nontaxable disposition of assets refers to a transaction where assets are disposed of, such as through sale or exchange, without any obligation to pay taxes on any realized gain. This may occur in certain situations prescribed by tax laws, such as a like-kind exchange or an inheritance, where the proceeds are either not considered taxable income or are specifically exempted from taxation.
Lesson Videos
Taxable and Nontaxable Dispositions Overview
Introduction to Taxable and Nontaxable Dispositions
Gain Recognized on Property Received as Compensation
Like-Kind Exchanges
Disposition of Assets
Gain Exclusions for Disposition of Assets
Loss Exclusions for Disposition of Assets
Taxable and Nontaxable Dispositions Summary
Taxable and Nontaxable Dispositions - Practice Questions
"Examprep.ai helped me pass all 4 CPA exams on the first try. I highly recommend. I especially like the feedback and ratings the software provides so I know where to focus my time."
Daniel H., CPA
"I can't recommend ExamPrep.ai enough. Nick's lessons turned concepts I struggled with into strengths. I was able to pass FAR right before other exams expired!"
Andrew K, CPA
"I just want to say thank you for the great lesson videos. I couldn't stay awake through lectures of another course. After watching all your FAR lessons I was finally able to pass!"
Alyssa M., CPA Candidate
