Installment Sales of Depreciable Property Which Result in Recaptured Income

question 9

True/False

Installment sales of depreciable property which result in recaptured income under Secs.1245 or 1250 require that the recaptured income be recognized in the year of sale.

---

Definitions:

OSHA

The Occupational Safety and Health Administration, a U.S. government agency responsible for ensuring safe and healthy working conditions by enforcing standards and providing training.

Category III

In various contexts, it could refer to a classification level that often denotes a specific set of guidelines, requirements, or intensity.

Bodily Fluids

Liquids originating from inside the human body, including blood, saliva, semen, and sweat, responsible for various functions and processes.

Exposure Incident

An event where an individual comes into contact with potentially infectious bodily fluids or hazardous materials.