Installment sales of depreciable property which result in recaptured income under Secs.1245 or 1250 require that the recaptured income be recognized in the year of sale.

Question

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Recaptured income from installment sales of depreciable property under Secs.1245 or 1250 must be recognized in the year of sale. This is required by the tax code.

Installment Sales of Depreciable Property Which Result in Recaptured Income