§1250 recaptures the excess of accelerated depreciation over straight-line depreciation on real property placed in service before 1987 as ordinary income.

Question

§1250 recaptures the excess of accelerated depreciation over straight-line depreciation on real property placed in service before 1987 as ordinary income.

Quizplus · Accepted Answer

§1250 of the Internal Revenue Code states that recapture must be made for the excess depreciation taken over straight-line depreciation on real property placed in service before 1987 as ordinary income. This is commonly referred to as §1250 recapture.

§1250 Recaptures the Excess of Accelerated Depreciation Over Straight-Line Depreciation