Chapter 7: Investments

Descripción

This is my mind map for BUS 419 Chapter 7.
Lucille Lamberson
Mapa Mental por Lucille Lamberson, actualizado hace más de 1 año
Lucille Lamberson
Creado por Lucille Lamberson hace más de 2 años
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Resumen del Recurso

Chapter 7: Investments
  1. Passive activity income or loss
    1. Income or loss from an activity in which the taxpayer is not a material participant
    2. Portfolio income
      1. Income from investments including capital gains and losses, dividends, interest, annuities, and royalties
      2. Active business income
        1. Income from sources in which the taxpayer is a material participant
        2. Short-term capital gains or losses
          1. Recognized when taxpayers are selling capital assets they have held for a year or less
          2. Long-term capital gains or losses
            1. Recognized when taxpayers are selling capital assets they have held for more than a year
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