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(Q2) A taxpayer sells a warehouse for a recognized gain. Depreciation has been properly claimed on the property, based on the straightline method over a
(Q2) A taxpayer sells a warehouse for a recognized gain. Depreciation has been properly claimed on the property, based on the straightline method over a 39 year recovery period.Will the same amount of depreciation recapture result whether the tax payer or a C corporation? Explain.
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