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2. It is possible for the sale of a 1245 asset to generate an excess 1231 gain (i.e., an amount in excess of depreciation recapture).

2. It is possible for the sale of a 1245 asset to generate an excess 1231 gain (i.e., an amount in excess of depreciation recapture). This will occur when: a. The asset is sold for more than its adjusted basis. b. The asset is sold for more than its original cost. c. The asset is sold for less than its original cost. d. The asset is sold for less than its adjusted basis

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