§1239 recharacterizes 50 percent of the gain on sales to a related party as ordinary income.
100 percent of the gain is recharacterized as ordinary income.

Name: §1239 recharacterizes 50 percent of the gain on sales to a related party as ordinary income. 100 percent of the gain is recharacterized as ordinary income.
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Question

Quizplus · Accepted Answer

§1239 recharacterizes 100 percent of the gain on sales to a related party as ordinary income, not 50 percent.

§1239 Recharacterizes 50 Percent of the Gain on Sales to a Related