Sec.1245 recapture applies to all the following except
A)depreciable personal property sold at a gain.
B)depreciable personal property sold at a loss.
C)property expensed under Sec.179.
D)amortizable intangible personal property.

Question

Quizplus · Accepted Answer

Sec.1245 recapture applies to depreciable personal property sold at a gain, property expensed under Sec.179, and amortizable intangible personal property. It does not apply to property sold at a loss.

Sec.1245 Recapture Applies to All the Following Except