Capital Assets — Related Issues (Portfolio 562)

Capital Assets – Related Issues focuses its discussion on the following issues: (1) the “sale or exchange” requirement that is necessary in order for a capital asset to qualify for capital asset treatment under §1221; (2) the interpretation of the “property” requirement under §1221; (3) alternative characterizations of sales or exchanges of capital assets under other Code sections; (4) various judicial doctrines that may recharacterize gains or losses as arising or not arising, as applicable, from the sale or exchange of a capital asset; (5) specific issues involved in the sale of a business; (6) the computation and character of a capital gain or loss; and (7) issues related to the treatment of gain from the sale or exchange of qualified small business stock held by a noncorporate taxpayer for more than five years.