The gain or loss realized is the amount realized less the adjusted basis.
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Q1: Only accelerated depreciation is recaptured for §1245
Q4: The amount realized is the sale proceeds
Q4: All tax gains and losses are ultimately
Q5: Accounts receivable and inventory are examples of
Q7: §1231 assets include all assets used in
Q9: Unrecaptured §1250 gains apply only to individuals.
Q11: An asset's tax-adjusted basis is usually greater
Q12: A parcel of land is always a
Q15: Unrecaptured §1250 gain is taxed at a
Q16: Assets held for investment and personal use
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