1. What are the differences between these three code sections: 1231, 1245 and 1250, and when do you apply each?
2. What is Section 179 and When may this Section 179 be used?
3. How does the depreciation recapture rules work?

Answer rating: 100% (QA)

Section 1231 property Real or depreciable property used in an active trade or business and is held for more that 1 year Inventory is not section 1231 ... View the full answer