§1250 recaptures the excess of accelerated depreciation over straight line depreciation on real property placed in service between 1981 and 1986 as ordinary income.
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Q2: Taxpayers can recognize a taxable gain on
Q10: The gain or loss realized on the
Q11: An asset's tax-adjusted basis is usually greater
Q12: A parcel of land is always a
Q14: Generally, the amount realized is everything of
Q15: Unrecaptured §1250 gain is taxed at a
Q16: Assets held for investment and personal use
Q17: For corporations, §291 recaptures 20 percent of
Q18: Ordinary gains and losses are obtained on
Q19: Depreciation recapture changes both the amount and
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