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One-time gains are referred to profits that are made in one particular time and do not recur. This may be from sale of an asset and will have a positive impact on the overall income.

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11y ago

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What describes a situation where a trust gains complete control of an industry?

Monopoly.


What is a us corporation secured investment contract?

This article at http://www.stockgumshoe.com/2008/06/secured-investment-contracts-legally-obligated-181-gains-stansberry.html will answer it much better than I can. This article at www.stockgumshoe.com/2008/06/secured-investment-contracts-legally-obligated-181-gains-stansberry.html will answer better than I can.


Can you reinvest sell of second house into land and not pay capital gains?

Maybe. If it is a vacation home or second personal residence that you do NOT rent out, you pay capital gains on the full amount. There is a complicated business tax break called a 1031 exchange if you rented out the house for a certain length of time. The rules are complicated and the tax bill is very high if you screw up. I would suggest hiring a lawyer or maybe 2 lawyers to guide you. Also, there have been some scams where 1031 exchange agents have skipped the country with victims money from a house sale. Since the victim does not complete the second half of the exchange, the victim owes capital gains tax on the stolen money.


What does other comprehensive income include?

Other Comprehensive Income (OCI) includes revenues, expenses, gains, and losses that are not reported on the income statement, but are instead reported as a separate component of shareholders' equity on the balance sheet. OCI typically includes: Foreign currency translation adjustments: Gains or losses from translating foreign currency financial statements into the reporting currency. Unrealized gains or losses on available-for-sale securities: Changes in the market value of investments that are not yet sold. Unrealized gains or losses on cash flow hedges: Changes in the value of derivatives used to hedge future cash flows. Changes in pension and other post-retirement benefit plan assets and liabilities: Adjustments to the value of pension and other benefit plans. Changes in accumulated other comprehensive income for pension and other post-retirement benefit plans: Adjustments to the accumulated OCI for pension and other benefit plans. OCI provides a more comprehensive picture of a company's financial performance and position, as it includes items that may not be reflected in net income but still affect shareholders' equity.


What is the tax implications of a bare dominium?

Bare dominium may seem like a terrific idea. However, one ought to be cautious and allow for all possibilities, such as the fact that these arrangements are subject to the Capital Gains tax.