Which of the Following Sections Recaptures or Recharacterizes Only Corporate

question 83

Multiple Choice

Which of the following sections recaptures or recharacterizes only corporate taxpayer's gains?

• A)§291.
• B)§1239.
• C)§1245.
• D)Unrecaptured §1250 gains.
• E)None of thesE.For corporate taxpayers only,§291 recaptures 20% of the lesser of gain realized or accumulated depreciation on real property.

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