Anti-Churning Rules

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Additional Child Tax Credit Accelerated Cost Recovery System (ACRS) Actual Expenses (Regular Method) Adjusted Basis Adoption Credit Amount Realized Active Participation Anti-Churning Rules At-Risk Rules Adjustment to Income Alternative Minimum Tax (AMT) Adjusted Gross Income (AGI) Accrued Interest Accounting Method Accelerated Depreciation Amortization Acquisition Debt Accounting Period Advance Earned Income Credit Active Participant Advance Payments Alimony Payments Annuitant Accrual Method of Accounting Asset Annuity Starting Date Automobile Expenses Audit Away From Home Overnight Annualized Income Amended Return Accountable Plan Annuity Average Basis

Definition of Anti-Churning Rules:

Disallows amortization on section 197 intangibles and properties subject to ACRS or MACRS in order to prevent people from taking advantage of newly created tax laws by acquiring property from related parties (or for related purposes). Basically, if a property is sold with the sole intention of changing ownership on the title to benefit from new tax laws but nothing really changes in the operation or management, the "new" owner cannot take advantage of the new laws.

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Anti-Churning Rules

Definition of Anti-Churning Rules:

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