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Depreciation and Sale of Business Property (chapter 8). What are the differences between these three code...

Depreciation and Sale of Business Property (chapter 8).

  1. What are the differences between these three code sections: 1231, 1245 and 1250, and when do you apply each?
  2. What is Section 179 and When may this Section 179 be used?
  3. How does the depreciation recapture rules work?

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