Property is titled to a US citizen Property is used in an active trade or business Property is held for one year or more O Property is land, depreciable property, or a sec. 197 intangible QUESTION 24 in which of the following cases would there be Sec 1245 recapture? Taxpayer sells a piece of equipment for a loss Taxpayer sells a piece of equipment for a gain. Taxpayer sells a building for a gain, Taxpayer sells a building for a a loss QUESTION 25 Taxpayer sells equipment with basis of $13,000 for cash proceeds of $15.000. Depreciation in all prior years equals $3,000. What is the total Sec. 1231 ai regardless of character, on this transaction? $5,000 52,000 O $10,000 53,000 Click Save and Submit to me and mi. Click Save All Arto e alla BP