Section 1245 Property Is Subject to a Full Recapture of All

question 92

True/False

Section 1245 property is subject to a full recapture of all depreciation taken as ordinary income.

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Definitions:

Reasonable Duration

An amount of time that is fair and appropriate under the circumstances, without being excessively long or unduly short.

Food and Water

Essential nutrients required by humans and animals for survival, including solid sustenance and hydration.

Privilege to Detain

A legal right or authorization given to certain authorities to arrest or hold individuals under specific circumstances.

Harmful Contact

Physical interaction that results in injury or damage to another person, considered to be a form of assault.