Under Sec 751, Unrealized Receivables Include Potential Section 1245 or 1250

question 25

True/False

Under Sec. 751, unrealized receivables include potential Section 1245 or 1250 recapture on the partnership's depreciable property.

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Definitions:

Legal Assistants

Professionals who support lawyers in various tasks ranging from research and document drafting to case management.

Confusion

The state of being bewildered or unclear in one’s mind about something.

Private Individual

A person who is not acting as part of their duties in a government or corporate entity; a civilian or private citizen.

Building Contractor

A professional or company responsible for the construction, renovation, or repair of buildings, overseeing project management and execution.