Unrecaptured 1250 gains are taxed at a maximum of 25%. When do they apply?

Multiple Choice

• When the taxpayer makes an election.

• It applies only when noncorporate taxpayers sell depreciable real estate at a gain.

• It applies when 1245 recapture trumps 1250 recapture.

• It applies only when real property purchased before 1986 is sold at a gain.

• None of the choices are correct.