Unrecaptured Section 1250 gain
I.is taxed at a maximum rate of 15%.
II.is a term that does not apply to corporations.

A)Only statement I is correct.
B)Only statement II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Question

Unrecaptured Section 1250 gain
I.is taxed at a maximum rate of 15%.
II.is a term that does not apply to corporations.
​
A)Only statement I is correct.
B)Only statement II is correct.
C)Both statements are correct.
D)Neither statement is correct.

Quizplus · Accepted Answer

Unrecaptured Section 1250 gain is taxed at a maximum rate of 25%, not 15%. It is a term that applies to individuals, not corporations, as corporations do not have a special tax rate for this type of gain.

Unrecaptured Section 1250 Gain