Why Does §1250 Recapture Generally No Longer Apply

question 38

Multiple Choice

Why does §1250 recapture generally no longer apply?

• A) Congress repealed the code section.
• B) The Tax Reform Act of 1986 changed the depreciation of real property to the straight-line method.
• C) §1245 recapture trumps §1250 recapture.
• D) Because unrecaptured §1250 gains now apply to all taxpayers instead.
• E) None of the choices are correct.

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Definitions:

Environmental Factors

External elements including climate, pollutants, and socio-economic conditions that can affect health, behavior, and life processes.

Behavioral

Pertaining to actions or reactions of an individual in response to external or internal stimuli.

Genetic

Relating to genes or heredity, and how traits are passed from parents to offspring through DNA.

Cigarette Smokers

Individuals who habitually smoke cigarettes, which could impact their health due to the inhalation of tobacco smoke.