Property Gains

1 Posts
1 Sections
1 Types

August 24, 2024 3 min read Definitions

Section 1245: Understanding Taxation on Depreciated Property Gains

Taxes Accounting IRC Section 1245 Depreciation Recapture Tax Code Property Gains Taxation

An in-depth look at Section 1245 of the Internal Revenue Code, which taxes gains on the sale of depreciated or amortized property at ordinary income rates, and includes definitions, types of property, and examples.

Read more about Section 1245: Understanding Taxation on Depreciated Property Gains.