![]() ![]() “(B) as a partner in a partnership carrying on a trade or business. “(A) as the owner of the entire interest in an unincorporated trade or business, or “(1) Definition.-For purposes of this section, the term ‘self-employed individual’ means an individual who performs personal services. Prior to amendment, text read as follows: ![]() This subsection shall not apply to any expenses with respect to which an amount is included in gross income under subsection (d)(3).” Text read as follows: “The amount realized on the sale of the residence described in subparagraph (A) of subsection (b)(2) shall not be decreased by the amount of any expenses described in such subparagraph which are allowed as a deduction under subsection (a), and the basis of a residence described in subparagraph (B) of subsection (b)(2) shall not be increased by the amount of any expenses described in such subparagraph which are allowed as a deduction under subsection (a). (3)(A) and (B) which placed dollar limits on the amount allowed to be deducted as moving expenses. ![]() (2) which defined “qualified residence sale, purchase, or lease expenses”, and par. (1)(C) to (E) which included certain traveling, meals, lodging, and residence sale, purchase, and lease expenses in the term “moving expenses”, par. ![]()
0 Comments
Leave a Reply. |