Section 1245 requires that all realized gain from the sale of Section 1245 property be recaptured as ordinary income.
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Q25: Personal casualty losses are determined and considered
Q26: Section 1245 property includes depreciable machinery and
Q27: For individuals, the deduction for capital losses
Q28: Section 1231 property includes inventory, copyrights, and
Q29: fte recapture potential as ordinary income under
Q31: For the individual taxpayer, all gain recognized
Q32: Section 1250 recapture rules apply to all
Q33: If Section 1231 gains exceed Section 1231
Q34: If Section 1231 losses exceed Section 1231
Q35: Section 1231 gains in one year are
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