If the Fair Market Value of Section 1245 Property Is

question 21

Multiple Choice

If the fair market value of Section 1245 property is greater than its basis, which of the following events would give rise to Section 1245 recapture as ordinary income?

• A) Disposition at death
• B) Disposition by gift
• C) Like-kind exchange where boot is received
• D) All of the above
• E) None of the above

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