Which of the Following Would Extinguish the § 1245 Recapture

question 4

Multiple Choice

Which of the following would extinguish the § 1245 recapture potential?

• A)An exchange of depreciable business equipment for like-kind business equipment with gain realized but not recognized.
• B)A nontaxable incorporation under § 351.
• C)A nontaxable contribution to a partnership under § 721.
• D)A nontaxable reorganization.
• E)None of these.

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Definitions:

Cooperative CRM

Refers to a CRM (Customer Relationship Management) strategy where businesses and their stakeholders collaborate to better understand and meet customer needs.

Interactive Communication

The exchange of information between people where both participants can respond and initiate messaging in real-time or near-real-time.

SCM System

Supply Chain Management System; a software tool that helps in managing the flow of goods, data, and finances as a product moves from supplier to manufacturer to wholesaler to retailer to consumer.

USPS

The United States Postal Service, a federal agency responsible for providing postal delivery in the United States.