October 2012
Beginner
784 pages
45h 24m
English
All depreciation recapture income (including the first-year expensing deduction) is fully taxable in the year of sale, without regard to the time of payment. Recapture is figured on Form 4797. On Form 6252, the gain in excess of the recapture income is reported under the installment method (5.21).
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