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Individual Tax Questions a.) explain why Congress requires depreciation to be recaptured on the sale of depreciable personalty under 1245. What does it meanrecapture? b.
Individual Tax Questions
a.) explain why Congress requires depreciation to be recaptured on the sale of depreciable personalty under 1245. What does it meanrecapture?
b. There is generally no recapture under 1250. Explain. Then, what is unrecaptured 1250 depreciation?
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