Sec. 1245 recapture applies to all the following except
A) property expensed under Sec. 179.
B) depreciable personal property sold at a gain.
C) depreciable personal property sold at a loss.
D) amortizable intangible personal property.
Correct Answer:
Verified
Q25: If realized gain from disposition of business
Q42: Sec.1245 can increase the amount of gain
Q43: Sec.1245 ordinary income recapture can apply to
Q49: Sec.1245 applies to gains on the sale
Q1709: Harry owns equipment ($50,000 basis and $38,000
Q1710: Elaine owns equipment ($23,000 basis and $15,000
Q1712: During the current year, Hugo sells equipment
Q1716: The following are gains and losses recognized
Q1717: The following gains and losses pertain to
Q1718: The following gains and losses pertain to
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