Nonrecaptured § 1231 losses from the seven prior tax years may cause current year net § 1231 gain to be treated as ordinary income.
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Q1: Rental use depreciable machinery held more than
Q10: Personal use property casualty gains and losses
Q12: The Code contains two major depreciation recapture
Q17: A personal use property casualty loss is
Q20: Section 1231 applies to the sale or
Q26: Section 1231 property generally does not include
Q32: Short-term capital gain is eligible for a
Q34: Section 1231 property includes nonpersonal use property
Q34: Section 1231 property includes nonpersonal use property
Q35: A net short-term capital loss first offsets
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