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How Is IRS Section 1245 Used for Real Estate Taxes?
IRS Section 1245 determines how certain types of property are taxed upon sale. Specifically, it deals with recapturing ...
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Section 1245: Definition, Types of Property Included, and Example
Alistair Berg / Getty Images A part of the Internal Revenue Code (IRC), Section 1245 taxes gains on the sale of certain depreciated or amortized property at ordinary income rates. What Is Section ...
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How Is IRS Section 1245 Used for Real Estate Taxes?
IRS Section 1245 determines how certain types of property are taxed upon sale. Specifically, it deals with recapturing depreciation on personal property and specific kinds of real estate.