In 2009, a taxpayer made leasehold improvements that were eligible for a 15-year MACRS life. Straight-line depreciation

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In 2009, a taxpayer made leasehold improvements that were eligible for a 15-year MACRS life. Straight-line depreciation was taken on the improvements. Will these improvements be subject to either § 1245 or § 1250 depreciation recapture if they are eventually disposed of at a recognized gain? Explain.
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South Western Federal Taxation 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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