SECTION 1250 23. What Section covers real property? 24. What is the good news about Section 1250 (2 things)? 25. The catch under Section 1250 is that it recaptures prior depreciation in excess of 26. How has real property been depreciated since 1986? 27. Thus, it follows that ordinary income recapture will result. 28. Why is there no Section 1250 depreciation recapture for land? 29. Even though none of the prior depreciation is subject to ordinary income recapture, IRC Section 1 requires that a taxpayer pay on so-called ? 4