For noncorporate taxpayers,depreciation recapture is not required on real property placed in service after 1986.
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Q45: Terry has sold equipment used in her
Q46: A building used in a business for
Q47: A taxpayer has a gain on Sec.1245
Q48: During the current year,a corporation sells equipment
Q49: Sec.1245 applies to gains on the sale
Q51: The amount recaptured as ordinary income under
Q52: When corporate and noncorporate taxpayers sell real
Q53: An unincorporated business sold two warehouses
Q54: A taxpayer acquired new machinery costing $50,000
Q55: A sole proprietor plans to sell an
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