REG Section 1231 clarification

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Anonymous.
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  • April 23, 2018 at 12:52 pm #1774726
    YouCanDoIt
    Participant

    If sale of MACHINE results in @ $50k gain
    * $30k = Recaptured Accum. Depr. = section 1245 ordinary Income
    * $20k = the remaining excess = Section 1231 long term capital gain

    My question is that if the $30k goes into computing the Net Business Income?
    And the $20k is separately stated as Long-term Capital Gain?

    AUD - 77
    BEC - 79
    FAR - 75
    REG - 80
    Won't know until you try.

    FAR: 76
    REG: Currently studying
    AUD:
    BEC:

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  • April 23, 2018 at 1:18 pm #1774753
    Anonymous
    Inactive

    Yes, from my understanding you are correct!

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