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When does unrecaptured 1250 gains apply? When the taxpayer makes the election. It applies only when non-corporate taxpayers sell depreciable real property at a gain.
When does unrecaptured 1250 gains apply?
When the taxpayer makes the election.
It applies only when non-corporate taxpayers sell depreciable real property 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.
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