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Spring 2014
5268 Taxation of Sales & Exchanges - O'Brien- 23281

Professor(s): Shawn O'Brien (ADJUNCT)

Credits: 2

Course Areas: Taxation 

Time: CANCELLED  Location:  

Course Outline: The course will cover federal income tax issues related to the sales and exchange of property. The course is taught from materials and a problem set prepared by the instructors, as well as readings from McDaniel, McMahon, Simmons & Abreu, Federal Income Taxation (Sixth Edition) and latest supplement.

Course Syllabus: Syllabus updated 12-16-13

Course Notes: This is an LL.M class, and JD students may register, if space is available.   

Prerequisites: Yes  Federal Income Tax or the equivalent course is required as a prerequisite. However, students who have had tax courses in Business School should be able to take the course if they request permission from the instructor or from Prof. O'Brien

First Day Assignments: Week 1 Unit I. Introduction and Basic Review Text: 56-60; 184-186 (stop before Section 2); 201-206 (stop before “3. Allocation of Basis . . .”); 223-224 (read only 2. Transfers at Death: Fair Market Value Basis)
Code: §§ 61(a)(3), 1001, 1011, 1012, 1014(a)(1) and (b)(1), 1015(a)
Regs: §§ 1.61-3(a), 1.61-6, 1.1001-1(a), 1.1002-1, 1.1011-1, 1.1012-1(a)

Final Exam Schedule:      

This course will have:
Exam:
Paper:

Satisfies Skills Course Requirement: No
Satisfies Senior Upper Level Writing Requirement: No