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Which one of the following statements is CORRECT concerning the amount that would be subject to 1250 depreciation recapture for an office building that was
Which one of the following statements is CORRECT concerning the amount that would be subject to 1250 depreciation recapture for an office building that was placed into service in 2000 and was sold in 2022? a.) Section 1250 ordinary recapture gain would be equal to the total gain. b.) Section 1250 ordinary recapture gain would be equal to all depreciation taken on a straight-line basis. c.) Since depreciation is required to be straight-line, there would be no 1250 ordinary recapture gain |
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