Question: Indicate whether the following statements are True or False regarding when 1250 recapture applies. a. Generally, 1250 property is depreciable real property (principally buildings and


Indicate whether the following statements are "True" or "False" regarding when 1250 recapture applies. a. Generally, 1250 property is depreciable real property (principally buildings and their structural components) that is not subject to 1245. b. Section 1250 recapture applies to disposals resulting in gains and losses. C. Section 1250 recapture only applies to the amount of "additional depreciation" (accelerated depreciation - straight line deprecation). Indicate whether the following statements are "True" or "False" regarding tax planning opportunities associated with 1231. a. If a taxpayer has net operating loss (NOL) carryovers that are about to expire, the recognition of ordinary income from recapture would not be advisable. b. Immediate recapture can be avoided upon the disposition of a 1231 asset if the taxpayer replaces the property by entering into a like-kind exchange. c. If the taxpayer already has a capital loss for the year, the sale of 1231 property at a gain should be postponed so that the net 1231 gain is not netted against the capital loss
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