ADMS 3520 Lecture Notes - Investment, Foreign Tax Credit, Weighted Arithmetic Mean

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Lecture 3: income from property, capital gains and. 6 covers property income and expenses, i. e. how dividend income, interest income, rental income and other types of property income are taxed and the expenses that can be deducted against this income. 7 covers capital gains and losses, i. e. how the gain on the sale of an investment (including your home) is taxed during your lifetime. As before, urls to background materials are included for those who are interested. Exercises 6-3, 6-6 to 6-8, self-study problem 6-3. Exercises 7-2, 3, 21, 22 and 25. Property income [6-2 to 6-4] passive income from investments (investment income) Most interest, dividends, rental income (minus expenses) and royalties. In some cases, a corporation"s activity of earning property income can be considered an active business, e. g. a corporation earning investment income because of the number of employees (more than 5 full-time employees throughout the year)

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