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what is sec 1245 property

1Answers
RonanAnn
11/28/2025, 07:15:19 AM

Under U.S. tax law, Section 1245 property consists of personal and other tangible depreciable property that is not real estate, such as machinery or equipment. This designation is key for tax purposes, as it governs how the gain from selling the property is treated, including the rules for depreciation recapture.

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