A building used in a business for more than a year is sold.Sec.1250 will not cause depreciation recapture if
A) the building is fully depreciated.
B) the building was placed in service after 1986.
C) straight-line depreciation was used.
D) All of the above.
Correct Answer:
Verified
Q41: Unrecaptured 1250 gain is the amount of
Q42: Sec.1245 can increase the amount of gain
Q43: Sec.1245 ordinary income recapture can apply to
Q44: With respect to residential rental property
A)80% or
Q45: Terry has sold equipment used in her
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
Q50: For noncorporate taxpayers,depreciation recapture is not required
Q51: The amount recaptured as ordinary income under
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