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With Regard to Noncorporate Taxpayers,all of the Following Statements Are

Question 35

Multiple Choice

With regard to noncorporate taxpayers,all of the following statements are true regarding Sec.1250 recapture except


A) Sec.1250 affects the character of the gain,not the amount of the gain.
B) Sec.1250 applies to assets sold or exchanged at either a gain or a loss.
C) Sec.1250 ordinary income does not exist if the straight-line method of depreciation is used.
D) Sec.1250 ordinary income is never more than the additional depreciation allowed.

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