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.

---

Definitions:

Liens

Legal claims or rights against property or assets that secure the payment of a debt or fulfillment of some obligation.

Suppliers

Entities that provide goods or services to another entity, typically in a business-to-business relationship.

Canceling

involves terminating an agreement, order, or subscription, effectively ending an arrangement or contract.

Technicality

A minor detail affecting a legal decision or process that may have implications for the outcome of a case or the execution of a contract.