Why do we have depreciation recapture

Assignment Help Accounting Basics

Reference no: EM132213295

Question: 1. Why do we have depreciation recapture? What does depreciation recapture accomplish?

2. What is the difference between 1245 recapture and 1250 recapture? Is there a different tax rate?

3. How would you report 1231 gain on a tax return? How would you report ordinary recapture?

Reference no: EM132213295

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