Tax
Mar. 23, 2010
'Shock and Awe' Tax Policy
Robert Steinberg of ADR Services delves into the purpose and ramifications of a bill seeking to eliminate longstanding capital gain and loss nonrecognition provisions.
By Robert Steinberg
On Feb. 19, 2010, California Assemblyman Juan Arambula, from the 31st District in the Central Valley, introduced Assembly Bill 2640 to eliminate long-standing capital gain and loss nonrecognition provisions from the California Revenue and Taxation Code. These provisions now preclude gain and loss recognition from the exchange of cash or property for stock in a corporation, like-kind real property exchanges, exchanges of property between spouses, condem...For only $95 a month (the price of 2 article purchases)
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