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Which of the following statements about Section 1245 property dispositions is FALSE: Group of answer choices The gains recaptured as ordinary income cannot exceed the
Which of the following statements about Section 1245 property dispositions is FALSE:
Group of answer choices The gains recaptured as ordinary income cannot exceed the amount of the realized gain.
The recapture provisions of section 1245 property apply to all depreciation taken on the property, it does not matter which method of depreciation was used.
Section 1245 applies to losses.
A disposition gain on section 1245 property is treated as ordinary income to the extent of the total amount of depreciation deductions allowed.
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