For § 1245 Recapture to Apply, Accelerated Depreciation Must Have

question 61

True/False

For § 1245 recapture to apply, accelerated depreciation must have been taken on the property.

---

Definitions:

Initiation Of Actions

The act of beginning or starting something, often referring to the commencement of specific behaviors or activities.

Ability To Contract

The legal capability to enter into a binding agreement, typically requiring parties to be of certain age and mental capacity.

Ethnic Group

A community or population made up of people who share a common cultural background, heritage, language, or lineage.

East Indian

A term often used to refer to people from or with ancestry in the Indian subcontinent, particularly in the context of migration to countries outside of South Asia.