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Author Question: A taxpayer has a gain on Sec. 1245 property. None of the gain will be treated as Sec. 1231 gain ... (Read 32 times)

jeatrice

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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
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Marked as best answer by jeatrice on Sep 13, 2020

nickk12214

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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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jeatrice

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

meow1234

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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