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  3. Study Set
    Fundamentals of Taxation
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    Exam 7: Capital Gains and Other Sales of Property Schedule D and Form 4797
  5. Question
    The Purpose of Code Sections 1245 and 1250 Recapture Provisions
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The Purpose of Code Sections 1245 and 1250 Recapture Provisions

Question 53

Question 53

True/False

The purpose of Code Sections 1245 and 1250 recapture provisions is to restrict the possibility of converting ordinary income into capital gains through use of depreciation deductions.

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