The amount realized is the sale proceeds less the adjusted basis.
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Q6: For corporations, §291 recaptures 20 percent of
Q7: Only accelerated depreciation is recaptured for §1245
Q8: Ordinary gains and losses are obtained on
Q9: An asset's tax adjusted basis is usually
Q10: Taxpayers can recognize a taxable gain on
Q12: The gain or loss realized on the
Q13: The gain or loss realized on the
Q14: Unrecaptured §1250 gain is taxed at a
Q15: Depreciation recapture changes both the amount and
Q16: The adjusted basis is the cost basis
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