As a general rule, § 1250 (i.e., the partial recapture rule) applies to depreciable personalty but not realty.
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Q1: Three rental houses held by a person
Q3: In order for there to be depreciation
Q4: During the current year, Q sold a
Q5: The long-term holding period under § 1231
Q6: Nonresidential real property acquired during the years
Q7: Unharvested crops sold along with land do
Q8: There is never any depreciation recapture on
Q9: Section 1250 is referred to as the
Q10: As part of the § 1231 netting
Q11: As a general rule, § 1245 (i.e.,
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