Can you do this assignment on the theme park industry (Disneyland)
March 28, 2021
Discussion Baord
March 28, 2021

quot condemnation and abandoned property quot

Suppose a taxpayer’s property becomes worthless or is not worth repairing. The taxpayer may simply abandon the property. Using the tax rules for abandoned property, recommend the tax treatment of any potential losses incurred to the taxpayer and appropriate documentation for an audit (i.e. proof of abandonment).

 

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