When corporate and noncorporate taxpayers sell real property placed in service after 1986,all depreciation taken will be taxed at a maximum rate of 25%.

Question

Quizplus · Accepted Answer

When corporate and noncorporate taxpayers sell real property placed in service after 1986, the depreciation taken will be taxed at a maximum rate of 25% for non-corporate taxpayers, but for corporate taxpayers, it is taxed as ordinary income tax rates.

When Corporate and Noncorporate Taxpayers Sell Real Property Placed in Service