In Addition to the Normal Recapture Rules of Sec

question 55

True/False

In addition to the normal recapture rules of Sec.1250,corporations which sell depreciable real estate are subject to additional recapture rules of Sec.291.

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Definitions:

Record Date

The specific date set by a company to determine the shareholders eligible to receive dividends or other distributions.

Payment Date

The specific date on which a dividend payment is made to shareholders or a date on which any financial obligation must be settled.