Solved

A Building Used in a Business for More Than a Year

Question 26

Multiple Choice

A building used in a business for more than a year is sold.Sec.1250 will not cause depreciation recapture if

A) the building is fully depreciated.
B) the building was placed in service after 1986.
C) straight-line depreciation was used.
D) all of the above.

Related Questions

Q19: Gifts of appreciated depreciable property may trigger

Q21: If Section 1231 applies to the sale

Q22: Mark owns an unincorporated business and has

Q31: This year Pranav had the gains and

Q34: A net Sec.1231 gain is treated as

Q35: With regard to noncorporate taxpayers,all of the

Q40: During the current year,a corporation sells equipment

Q52: If a taxpayer has gains on Sec.1231

Q92: Gains and losses resulting from condemnations of

Q1719: What is the purpose of Sec. 1245