Instructional Resources for Tax Education: Communicating the Complexities of Capital Gains for Individuals After the 1997 and 1998 Tax Acts

his article provides examples and teaching tools for presenting the new capital gains provisions for individuals under the Taxpayer Relief Act of 1997 and the Internal Revenue Service Restructuring and Reform Act of 1998. For students to gain an understanding of these new complexities, they must work with examples and planning techniques that incorporate the new law in a meaningful way. This article provides two summary tables, three diagrams and nine computations or tax‐planning mini‐cases to assist tax professors in accomplishing this objective.