Jack Little-provides accounting, litigation support and management advisory services to individuals and businesses Jack has over 40 years experience in the fields of auditing and accounting he will be speaking on the following topics:
-What is cost basis
-What is adjusted cost basis
-What is depreciation recapture tax
-What are the different depreciation schedules for things like furniture, appliances, roofs, heating systems, etc.,
-What id the difference between a repair/maintenance expense and a capital improvement
-How to calculate the gain on the sale of real property
-What is the current federal and NYS tax rate on the gain