Part A

Part B

1. Section 1231 requires a taxpayer to net all the Section 1231 gains and losses together for a tax year. a. True b. False 2. Section 1231 affects the amount recognized. a. True b. False 1. Section 1245 is sometimes known as partial recapture. a. True b. False 2. Under Section 1250, an individual taxpayer will be taxed at a rate of for any depreciation that was not recaptured. a. 15% b. 20% c. 25% d. 30%