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Unrecaptured 1250 gains are taxed at a maximum of 25%. When do they apply? Multiple...

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Accounting

Unrecaptured 1250 gains are taxed at a maximum of 25%. When do they apply?

Multiple Choice

  • When the taxpayer makes an election.

  • It applies only when noncorporate taxpayers sell depreciable real estate at a gain.

  • It applies when 1245 recapture trumps 1250 recapture.

  • It applies only when real property purchased before 1986 is sold at a gain.

  • None of the choices are correct.

Answer & Explanation Solved by verified expert
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