Question
1. What are the recapture rules in the event of death of the Section 1245 or Section 1250 property owner? 2. What determines whether or
1. What are the recapture rules in the event of death of the Section 1245 or Section 1250 property owner?
2. What determines whether or not a transfer of a franchise is to be considered as a sale or exchange of a capital asset?
3. What is Section 1245 property? What is Section 1245 recapture?
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Answer 1 If you sell Section 1245 property you must recapture your gain as ordinary income to the extent of your earlier depreciation deductions on the asset that was sold Any gain up to the amount of ...
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Automation Production Systems and Computer Integrated Manufacturing
Authors: Mikell P.Groover
3rd edition
132393212, 978-0132393218
