This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A taxpayer has a gain on Sec. 1245 property. None of the gain will be treated as Sec. 1231 gain ... (Read 29 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Sep 13, 2020

Question 1

Terry has sold equipment used in her business.  She acquired the equipment three years ago for $50,000 and has recognized $30,000 of depreciation across the years in use.  In order to recognize any Sec. 1231 gain, she must sell the equipment for more than
◦ $0.
◦ $20,000.
◦ $30,000.
◦ $50,000.

Question 2

A taxpayer  has a gain on Sec. 1245 property.  None of the gain will be treated as Sec. 1231 gain unless the sale price exceeds the original cost.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jeatrice on Sep 13, 2020

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
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.
Answer Preview
Only 25% of students answer this correctly


jeatrice

  • Member
  • Posts: 543
Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

The form and orientation of desert plants reduces heat gain from the environment and facilitates coo The form and orientation of desert plants reduces heat gain from the environment and facilitates coo
Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss. Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss.
Conditions Treated by Physical Therapy Conditions Treated by Physical Therapy
Distribution of the Property of Americans Distribution of the Property of Americans
Healthy Eating Behaviors and Weight Gain Are Important Considerations during the Third Trimester Healthy Eating Behaviors and Weight Gain Are Important Considerations during the Third Trimester
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library