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T/F 28. All gain recognized on the sale or exchange of property between related parties...

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Accounting

T/F

28. All gain recognized on the sale or exchange of property between related parties is ordinary income if the property is subject to depreciation in the hands of the purchaser.

29. There is no way to avoid the recapture provisions.

30. Sec. 1245 affects both the character and amount of the gain.

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