[YouCanDoIt]

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?

FAR: 76
REG: Currently studying
AUD:
BEC:

[Anonymous]

Yes, from my understanding you are correct!

[Author]

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