Sec1245 Ordinary Income Recapture Can Apply to Buildings Placed in Service

question 82

True/False

Sec.1245 ordinary income recapture can apply to buildings placed in service prior to 1987.

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News Source

An origin from which news is obtained, including newspapers, television, websites, and other media outlets.

Probability

A quantification representing the probability of an event's occurrence, expressed as a number from 0 to 1.

Probability Assignment

The process of allocating probabilities to outcomes of a random experiment, ensuring the basic axioms of probability are satisfied.

Legitimate

Authentic or conforming to the law or to rules.