I have been teaching federal income tax subject at college level for many years. I am very glad to see someone is working on this subject and loading to the public platform. Please keep up.
Excellent explanation! Studying for Reg CPA exam and I would say you summed it up perfectly. I think this was more efficient than the way I first learned it.
Thanks for the post. I think the best way to understand Section 1231 vs. Section 1245 is to see problems that incorporate both concepts with lots of transactions in the same year. I am uploading some videos currently titled Tax Characterization and Recharacterization Problems 6, 7, and 8.
Yes. However capital gains and capital losses are still limited for corporations. So it would affect it there. Also, as mentioned in the video, 1231 sub-hotchpot allows involuntary conversion events to get to potential capital gain/loss treatment. Without that per Section 1222 sale/exchange language, an involuntary conversion could never get capital gain/loss treatment.
I promise this is a compliment! But I have a question. Why would Gleim make you stand there like a robot and read their textbook when you can teach the content like this? No disrespect, but you put me to sleep on the Gleim videos! I came across this video, heard your voice, and said "That is the guy on the Gleim videos, and this time he is not just standing there reading." Show them this comment to tell them that you are a much better teacher than they allow you to be on their videos. By making you stand there and read their textbook, they are assuming that their textbook is easy to understand. It is a complete waste to make videos that do nothing but present the information in the exact manner of the textbook. I understand they may not want you to dress up as a character, but come on! They should at least allow you to make the content more interesting than their textbook. Sorry for the rant.
I have been teaching federal income tax subject at college level for many years. I am very glad to see someone is working on this subject and loading to the public platform. Please keep up.
Thanks, Hong! Glad I can help!!
Thank you! Current law student in fundamentals of fed income tax and my god this explains it perfectly. This condenses literally 10 pages of notes
fucking THANK YOU????????????????? i owe you a drink for this
Fire is also included under 1231(a)(4)c 🔥
Thanks. Was that not stated? I say act of God/Nature which includes fires. If I didn't mention that then I apoligze.
Love your videos
Excellent explanation! Studying for Reg CPA exam and I would say you summed it up perfectly. I think this was more efficient than the way I first learned it.
Can you do a short video on the difference between 1231 and 1245 property?
Thanks for the post. I think the best way to understand Section 1231 vs. Section 1245 is to see problems that incorporate both concepts with lots of transactions in the same year. I am uploading some videos currently titled
Tax Characterization and Recharacterization Problems 6, 7, and 8.
Very good job. You should add a bio in your about section.
fantastic educator
What's the point of section 1231 gains for a corporation? I mean wouldn't it get taxed at 21% just like the ordinary gain?
Yes. However capital gains and capital losses are still limited for corporations. So it would affect it there. Also, as mentioned in the video, 1231 sub-hotchpot allows involuntary conversion events to get to potential capital gain/loss treatment. Without that per Section 1222 sale/exchange language, an involuntary conversion could never get capital gain/loss treatment.
@@ExploretheCode Thanks for the explanation!
@@phoenixblaze4193 Glad I could help!
Very helpful!
Thank you, Kamal!
I promise this is a compliment! But I have a question. Why would Gleim make you stand there like a robot and read their textbook when you can teach the content like this?
No disrespect, but you put me to sleep on the Gleim videos! I came across this video, heard your voice, and said "That is the guy on the Gleim videos, and this time he is not just standing there reading."
Show them this comment to tell them that you are a much better teacher than they allow you to be on their videos. By making you stand there and read their textbook, they are assuming that their textbook is easy to understand. It is a complete waste to make videos that do nothing but present the information in the exact manner of the textbook.
I understand they may not want you to dress up as a character, but come on! They should at least allow you to make the content more interesting than their textbook.
Sorry for the rant.
Thank you! I agree with you. Send them an email and tell them this kind of approach is what you want!