000			02182nab a2200313 c 4500
999			_c141045 _d141045
003			ES-MaIEF
005			20230614144458.0
007			ta
008			190822s2019 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_956574 _aShechtman, David
245		0	_aRevenue procedure 2019-18 _bthe IRS been "berry, berry good" to baseball and other sports team owners in taxing player contract trades _c David Shechtman and Matthew J. Meltzer
260			_c2019
500			_aDisponible también en formato electrónico en la Biblioteca del IEF.
500			_aResumen.
520			_aMore than 50 years ago, the IRS confirmed that trades of contracts for professional sports players qualify as like-kind exchanges under Section 1031, thus enabling team owners to avoid recognizing gain or loss on such trades unless cash also changed hands. The playing field changed, however, for trades commenced after December 31, 2017, because the Tax Cuts and Jobs Act limited non-recognition treatment to exchanges of real property only. In Revenue Procedure 2019-18 the IRS introduced, as a rule of administrative convenience, a “safe harbor” under which sports franchises may value player contracts (including draft picks) acquired in a trade at “zero value” for determining gain or loss under the general principles of Section 1001. This article reviews existing guidance for determining adjusted basis in a player contract, including the amortization rules under Section 167 and Section 197; the implications of Rev. Proc. 2019-18; and the limitations on using the “zero value” safe harbor.
650		4	_941862 _aDEPORTISTAS
650		4	_948598 _aCONTRATOS
650		4	_aIMPUESTOS _947460
650		4	_aREFORMA _945080
650		4	_aTRANSMISION DE BIENES _948592
650		4	_aRENTAS EXTRANJERAS _948268
650			_aESTADOS UNIDOS _942888
700	1		_967448 _aMeltzer, Matthew J.
773	0		_9160915 _oOP 235/2019/4 _tJournal of Taxation of Investments _w(IEF)51921 _x 0747-9115 _g v. 36, n. 4, Summer 2019, p. 69-83
856			_uhttps://www.civicresearchinstitute.com/online/PDF/JTI-3604-05-Territorial.pdf
942			_cART