A business plans to sell its office building which it acquired and placed in service in 1995.Sec.1250 requires a portion of gain realized on the sale of a buildings used in a business and depreciated under MACRS to be recaptured as ordinary gain.

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The Answer of A business plans to sell its office building which it acquired and placed in service in 1995.Sec.1250 requires a portion of gain realized on the sale of a buildings used in a business and depreciated under MACRS to be recaptured as ordinary gain.

A Business Plans to Sell Its Office Building Which It