[TOPIC 22] DEALINGS IN PROPERTIES | Ordinary Assets versus Capital Assets

This video is the first discussion on our lecture series about dealings in properties. In this video, we distinguish ordinary assets from capital assets, and the tax treatment for gains or losses arising from the sale of ordinary assets.

If you haven't watched yet the comparison between Itemized Deductions and Optional Deduction, please click this link to redirect you to our video discussion: [TOPIC 26] ALLOWABLE DEDUCTIONS | Ite...

Also, if you want to know about the components of gross income, and how to compute an income, please watch the following videos.

1. Sale of Real Properties Classified as Capital Assets: [TOPIC 23] DEALINGS IN PROPERTIES | C...

2. Sale of Shares of Stocks: [TOPIC 24] DEALINGS IN PROPERTIES | C...

3. Sale of Capital Assets not Subject to Capital Gains Tax: [TOPIC 25] DEALINGS IN PROPERTIES | S...

4. Ordinary Assets and Capital Assets: [TOPIC 22] DEALINGS IN PROPERTIES | O...

5. Computation of Gross Business and Professional Income: [TOPIC 13] GROSS BUSINESS AND PROFESS...

6. How to Compute Compensation Income: [TOPIC 12] GROSS COMPENSATION INCOME ...

7. Final Income Tax on Certain Passive Income: [TOPIC 14] PASSIVE INCOMES | Final Wi...

I will upload videos every Monday, Wednesday and Friday.

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