What is 1245 section meaning definition
Define Section 1245 facts. Notion of sold, gain must be recaptured as ordinary income up to the.


Section 1245 Definition

What SECTION 1245 means: When depreciable personal property is sold, gain must be recaptured as ordinary income up to the amount of depreciation claimed. Section 1245 is the Internal Revenue Code section that requires this treatment. Also see "Recapture of Depreciation.".

Definition Section (Followed By A Number):
Dictionary The section of the tax Code in which particular laws are given section 1245 definition.
Definition Safe Harbor:
Dictionary that allow a (usually) simpler method of determining a tax consequence than is available following the precise language of the Code or regulations. An example is the simplified method for determining section 1245 explain.
Definition Securities:
Dictionary evidence of an interest in corporate stock or stock rights oran interest in any note, bond, debenture or other evidence of indebtedness issued by a government or corporation. For certain tax purposes section 1245 what is.
Definition Simplified Method:
Dictionary The most common method of computing the taxable portion of a pension received from a qualified employer plan section 1245 meaning.

How works Section 1245 meaning in Tax definitions S .

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