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In April 2019, Mario purchased a new refrigerator for $700 and placed it in service in his rental house. He elected not to claim the
In April 2019, Mario purchased a new refrigerator for $700 and placed it in service in his rental house. He elected not to claim the special depreciation allowance. Mario sold the rental house, including the refrigerator, in November 2021. After factoring in depreciation, his adjusted basis in the refrigerator at the time of sale was $323. Under what property section of the Internal Revenue Code will the sale of the refrigerator fall?
A)Section 179.
B)Section 1245.
C)Section 1250.
D)Section 1255.
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