An asset's tax adjusted basis is usually greater than its book adjusted basis.
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Q4: Generally, the amount realized is everything of
Q5: Unrecaptured §1250 gains apply only to individuals.
Q6: For corporations, §291 recaptures 20 percent of
Q7: Only accelerated depreciation is recaptured for §1245
Q8: Ordinary gains and losses are obtained on
Q10: Taxpayers can recognize a taxable gain on
Q11: The amount realized is the sale proceeds
Q12: The gain or loss realized on the
Q13: The gain or loss realized on the
Q14: Unrecaptured §1250 gain is taxed at a
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