Which of the following sections recaptures or recharacterizes only corporate taxpayer's gains?
A) §291.
B) §1239.
C) §1245.
D) Unrecaptured §1250 gains.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

For corporate taxpayers only, §291 recaptures 20 percent of the lesser of gain realized or accumulated depreciation on real property.

Which of the Following Sections Recaptures or Recharacterizes Only Corporate