Question: Step 3 ) . Descriptions of Section 1 2 4 5 property: 1 ) Description of property 2 ) Date acquired 3 ) Date Sold

Step 3). Descriptions of Section 1245 property:
1)
Description
of property
2)
Date
acquired
3)
Date
Sold
4)
Gain
5)
Accumulated
Depreciation
6)
Amount of
Gain
reported as
Ordinary
(Lesser of 4
or 5)
7)
Remaining
Gain =
(4)-(6)
3(a) Net the gains/loss in A,B,C,D ____________
3(b) Total Amount reported on (6) above: ______________________
3(c)=3(a)3(b)_________(Remaining Section 1231 Gain)
3

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