Why does §1250 recapture no longer apply?
A)Congress repealed the code section.
B)The Tax Reform Act of 1986 changed the depreciation of real property to the straight-line method.
C)§1245 recapture trumps §1250 recapture.
D)Because unrecaptured §1250 gains now apply to all taxpayers instead.
E)None of thesE.§1250 only recaptures excess depreciation,the excess of accelerated over straight-line depreciation.

Question

Quizplus · Accepted Answer

The Tax Reform Act of 1986 changed the depreciation of real property to the straight-line method, which eliminated the need for §1250 recapture since it only applied to accelerated depreciation.

Why Does §1250 Recapture No Longer Apply