Which of the following sections recaptures or recharacterizes only corporate taxpayer's gains?
A) §1239.
B) §1245.
C) §291.
D) Unrecaptured §1250 gains.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

Section 291 recaptures or recharacterizes only corporate taxpayer's gains. Sections 1239, 1245, and unrecaptured 1250 gains apply to both individual and corporate taxpayers.

Which of the Following Sections Recaptures or Recharacterizes Only Corporate