ryevins3
ryevins3
01.02.2022 • 
Business

If a Section 1250 asset is sold by an individual taxpayer at a gain of $14,000 and has accumulated depreciation of $8,000 using the straight-line method, $ of the gain will be recaptured as ordinary income. If a Section 1245 asset is sold at a gain of $14,000 and has accumulated depreciation of $8,000, $ will be recaptured as ordinary income.

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