The § 1245 Depreciation Recapture Potential Does Not Reduce the Amount

question 67

True/False

The § 1245 depreciation recapture potential does not reduce the amount of the charitable contribution deduction under
§ 170.

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Definitions:

At-Will Employment

Employment arrangement where either the employer or the employee can terminate the employment relationship at any time without prior notice, for any reason not prohibited by law.

United States

A federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Disparate-Treatment Discrimination

A form of discrimination in which an employee or job applicant is treated unfavorably because of their race, color, national origin, sex, or religion in comparison to others.

Disparate-Impact Discrimination

Unintentional discrimination that occurs when a neutral policy disproportionately affects a protected group.