Section 1250
A section of the IRS code stating that a gain from selling real estate that has been subjected to accelerated depreciation should be treated as ordinary income instead of a capital gain. Investopedia Says:
Generally capital gains taxation rates are more favorable than income tax. Related Terms:
Accelerated Cost Recovery System - ACRS
Accelerated Depreciation
Assessed Value
Capital Gains
Depreciation
General Depreciation System
Salvage Value
Section 1245 |