The gain or loss realized on the sale of an asset is always recognized for tax purposes.
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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
Q11: The amount realized is the sale proceeds
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
Q17: §1231 assets include all assets used in
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