THE TAX CUTTERY® Guide to Federal Income Taxation

by Paul D. Diaz, EA, MBA · Enrolled Agent, admitted to practice before the IRS

Glossary · IRC §1374 · 26 U.S.C. §1374

Built-in gains tax

From THE TAX CUTTERY® Guide. Principal treatment in Chapter 9: Entity Selection and Restructuring.

Built-in gains tax (Section 1374) — A corporate-level tax on pre-conversion appreciation when a C corporation converts to S status and sells assets within the recognition period

In the Guide

This section is treated in Chapter 9. The published chapter summary is the source of the definition above. The full reasoning, citations, and worked examples are in the book.

Cite as: Diaz, Paul D. THE TAX CUTTERY® Guide to Federal Income Taxation, Professional Edition, Chapter 9: Entity Selection and Restructuring. IRC §1374 (26 U.S.C. §1374). taxguide.tax/irc/1374

This is the glossary entry. The chapter itself is in the book. Read a free excerpt, BUY THE BOOK ($299), or get the free Letter.

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