Only accelerated depreciation is recaptured for §1245 assets.
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Q2: After application of the look-back rule, net
Q3: Assets held for investment and personal use
Q4: Generally, the amount realized is everything of
Q5: Unrecaptured §1250 gains apply only to individuals.
Q6: For corporations, §291 recaptures 20 percent of
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
Q12: The gain or loss realized on the
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