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Question 10 10 pts Identify which of the following is false. Corporations selling real property that previously had been depreciated using an accelerated method are

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Question 10 10 pts Identify which of the following is false. Corporations selling real property that previously had been depreciated using an accelerated method are subject to Sec.291 Section 291 recapture applies to Sec. 1250 property. Corporations that sell real property at a gain must report an additional 20% of the entire gain as ordinary income. Section 291 reduces the amount of net Sec. 1231 gains that can be offset by corporate capital losses. 10 pts Question 11

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