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When do unrecaptured 1250 gains apply? Multiple Choice When the taxpayer makes the...

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Accounting

When do unrecaptured 1250 gains apply?

Multiple Choice

  • When the taxpayer makes the election.

  • It applies only when noncorporate taxpayers sell depreciable real property at a gain.

  • It applies when 1245 recapture trumps 1250 recapture.

  • It applies only when real property purchased before 1986 is sold at a gain.

  • None of the choices are correct

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