The purpose of Code Sections 1245 and 1250 recapture provisions is to restrict the possibility of converting ordinary income into capital gains through use of depreciation deductions.

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Code Sections 1245 and 1250 recapture provisions are designed to prevent taxpayers from converting ordinary income into capital gains by taxing the gain attributable to depreciation deductions as ordinary income. Therefore, the statement is true.

The Purpose of Code Sections 1245 and 1250 Recapture Provisions