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If an amount is zero, enter 0 . a. Determine the amount and the character of the recognized gain or loss from the disposition
If an amount is zero, enter " 0 ". a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. Siena has $ of due to 1245 recapture and $ of 1231 Feedback Vheck My Work Section 1245 applies primarily to non-real-estate property such as machinery, trucks, and office furniture. The Code contains two major recapture b. Assuming that Siena has no nonrecaptured net 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain. If an amount is zero, enter " 0 ". a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. Siena has $ of due to 1245 recapture and $ of 1231 Feedback Vheck My Work Section 1245 applies primarily to non-real-estate property such as machinery, trucks, and office furniture. The Code contains two major recapture b. Assuming that Siena has no nonrecaptured net 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain
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