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Author Question: An unincorporated business sold two warehouses during the current year. The straight-line ... (Read 61 times)

s.tung

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on: Sep 13, 2020

Question 1

Gain due to depreciation recapture is included in the netting of Sec. 1231 gains and losses.
◦ true
◦ false

Question 2

An unincorporated business sold two warehouses during the current year. The straight-line depreciation method was used for Building No. 1 and the accelerated method (ACRS) was used for Building No. 2. Information about those buildings is presented below.



How much gain from these sales should be reported as section 1231 gain and ordinary income due to depreciation recapture?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by s.tung on Sep 13, 2020

JCABRERA33

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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s.tung

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

carojassy25

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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