Y sold a partially depreciated office building at a gain, all of which was § 1231 gain.The building was depreciated using an accelerated method.

Question

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Section 1231 gain from the sale of depreciable property may be subject to depreciation recapture under Section 1245 or 1250, which would recharacterize some or all of the gain as ordinary income, especially if accelerated depreciation was used.

Y Sold a Partially Depreciated Office Building at a Gain