Multiple Choice
Which of the following would extinguish the § 1245 recapture potential?
A) An exchange of depreciable business equipment for like-kind business equipment with gain realized, but not recognized.
B) A nontaxable incorporation under § 351.
C) A nontaxable contribution to a partnership under § 721.
D) A nontaxable reorganization.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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