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Showing content with the highest reputation on 07/18/2013 in Posts
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I know everyone feels good after they beat up on a governmental agency, but as usual the blame really needs to placed on our elected officials and the interest groups they answer to.2 points
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It's so hot that I walked into my office and...
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I meant to repeat your suggestion but put in area instead of city.1 point
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>>Sec. 1250 is specifically about possible recapture of depreciation<< There is also that odd concept of "unrecaptured 1250 gain." Since you get a tax advantage of taking the 1250 loss against ordinary income, you can't turn around and claim a zero percent capital gain tax rate if you make money on other property. The look-back period is five years, and the maximum rate is 25%..1 point
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No not really with regards to reporting! Sec. 1250 is specifically about possible recapture of depreciation on "realty" property according to year and method of depreciation. Certain depreciation is recaptured and other depreciation is not. Sec. 1231 is about all different types of business property.1 point
