From the e-Activity, analyze the current IRS rules related to capital gains and losses on the sale of real property. Based on your analysis, take a position as to whether you believe the current rules are fair to individual taxpayers. Recommend at least two (2) changes that would make the rules fairer to individual taxpayers. Support your recommendation with examples of such changes.
Imagine that your client has sold a rental property within the current tax year. From the e-Activity, analyze the rules regarding the sale of rental property. Recommend one (1) strategy to eliminate or minimize the potential tax liability to your client from the sale. Provide a rationale for your recommendation
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