Section 1245 recapture applies to all the following except
A)depreciable personal property.
B)assets sold or exchanged at a loss.
C)total depreciation or amortization allowed or allowable.
D)amortizable intangible personal property.

Question

Quizplus · Accepted Answer

Section 1245 recapture applies to depreciable personal property, total depreciation or amortization allowed or allowable, and amortizable intangible personal property. It does not apply to assets sold or exchanged at a loss.

Section 1245 Recapture Applies to All the Following Except