回复：About taxation law

1. Get the evaluation value (FMV) when peter inherited in 1960. (A)
2. Add the later expenses related on the land. (B)
3. Total cost (basic value): C = A+B
4. Get the land new evaluation (FMV)"D" where it sells.
5. Allocate C to the blocks.
6. If the D is greater than C,
7. then, taxable income = sales price - allocated C
8. if D is lesser than C, no tax liability.

Good luck!

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• 回复：回复：About taxation law -法律女生- ♀ (114 bytes) () 02/09/2004 postreply 06:11:56