Question: 1 1 / 1 8 / 2 4 , 4 : 1 6 PM Question 5 2 of 7 5 . Realize Your Potential: H&R

11/18/24,4:16 PM
Question 52 of 75.
Realize Your Potential: H&R Block
Wesley purchased a rental building in February 2018 for $295,000(disregarding land value). He sold the building in September 2023 for $450,000. The allowable depreciation on the property was $42,320. Under what section of the Internal Revenue Code will the sale of this building fall?
Section 179.
Section 1245.
Section 1250.
Section 1255.
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1 1 / 1 8 / 2 4 , 4 : 1 6 PM Question 5 2 of 7 5

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