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.

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Definitions:

Long-Term Benefit

Advantages or positive outcomes that accrue over an extended period, often associated with investments or strategic business decisions.

Shareholder Needs

The requirements or interests of individuals or entities that own shares in a corporation, often focused on return on investment.

Price Appreciation

The increase in the value of an asset or investment over time, not including the dividends or interest earned.

Current Income

The total amount of money earned within a specific time period, including wages, dividends, and interest.