Z sold an office building at a gain, all of which was unrecaptured § 1250 gain.The building was sold for its original purchase price or less.

Name: Z sold an office building at a gain, all of which was unrecaptured § 1250 gain.The building was sold for its original purchase price or less.
Brand: Quizplus
Rating: 4.7 (58 reviews)

Question

Quizplus · Accepted Answer

The gain is unrecaptured § 1250 gain, which means that it is not subject to the depreciation recapture rules. Therefore, the building must have been sold for its original purchase price or less.

Z Sold an Office Building at a Gain, All of Which