Test Bank — South-Western Federal Taxation 2026: Individual Income Taxes, 49th Edition (Young, Persellin, Nellen, Cuccia, Maloney, Lassar, Cripe, 2025) | All Chapters 1-20 Covered

Complete Test Bank for South-Western Federal Taxation 2026: Individual Income Taxes, 49th Edition by Young, Persellin, Nellen, Cuccia, Maloney, Lassar, and Cripe, designed to support assessment, exam preparation, and instructional evaluation of core individual income tax concepts including tax law fundamentals, gross income, deductions and losses, alternative minimum tax, tax credits, property transactions, accounting periods and methods, deferred compensation, and an introduction to corporations and partnerships. Chapter coverage includes Chapter 1: An Introduction to Taxation and Understanding the Federal Tax Law; Chapter 2: Working with the Tax Law; Chapter 3: Tax Formula and Tax Determination: An Overview of Property Transactions; Chapter 4: Gross Income: Concepts and Inclusions; Chapter 5: Gross Income: Exclusions; Chapter 6: Deductions and Losses: In General; Chapter 7: Deductions and Losses: Certain Business Expenses and Losses; Chapter 8: Depreciation, Cost Recovery, Amortization, and Depletion; Chapter 9: Deductions: Employee and Self-Employed-Related Expenses; Chapter 10: Deductions and Losses: Certain Itemized Deductions; Chapter 11: Investor Losses; Chapter 12: Alternative Minimum Tax; Chapter 13: Tax Credits and Payment Procedures; Chapter 14: Property Transactions: Determination of Gain or Loss, and Basis Considerations; Chapter 15: Property Transactions: Nontaxable Exchanges; Chapter 16: Property Transactions: Capital Gains and Losses; Chapter 17: Property Transactions: Section 1231, and Recapture Provisions; Chapter 18: Accounting Periods and Methods; Chapter 19: Deferred Compensation; and Chapter 20: Corporations and Partnerships, supporting instructors with comprehensive assessment materials aligned to all course chapters for quizzes, exams, and curriculum evaluation.