_____ 15. Section 291 recapture only applies to a corporation.

Name: _____ 15. Section 291 recapture only applies to a corporation.
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Section 291 of the Internal Revenue Code applies only to corporations and not to individuals. It requires corporations to recapture a portion of certain deductions taken in prior years if they sell or dispose of property that has been depreciated.

_____ 15 Section 291 Recapture Only Applies to a Corporation