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2. Depreciation recapture - Wikipedia

   en.wikipedia.org/wiki/Depreciation_recapture

   While this section is correct for Section 1245 property (in the U.S.A), it is not correct for Section 1250 property. For Section 1250 assets (real estate), Recaptured Depreciation is defined as "Additional Depreciation" in IRS Publication 544 (see column 3 on page 30 of the 2016 version of this publication). Additional Depreciation is the ...

3. What is the long-term capital gains tax? - AOL

   www.aol.com/finance/long-term-capital-gains-tax...

   More details on this type of holding and its taxation are available in IRS Publication 544. If you’re considering a real estate investment, compare mortgage rates on Bankrate.

4. Capital asset - Wikipedia

   en.wikipedia.org/wiki/Capital_asset

   (see IRS publication 544 chapter 2.) Agricultural land situated in rural area. 6.5% gold bonds or 7% gold bonds 1980, national defense gold bond 1980, issued by the central government. Special bearer bonds, 1991; Gold deposit bonds issued under gold deposit scheme, 1999. Security deposits issued under gold monetisation scheme 2015

5. Internal Revenue Bulletin - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Bulletin

   The Internal Revenue Bulletin (also known as the IRB), [1] [2] is a weekly publication of the U.S. Internal Revenue Service that announces "official rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conventions, legislation, court decisions, and other items of general interest."

6. MACRS - Wikipedia

   en.wikipedia.org/wiki/MACRS

   The Internal Revenue Service (IRS) publishes detailed tables of lives by classes of assets. The deduction for depreciation is computed under one of two methods (declining balance switching to straight line or straight line) at the election of the taxpayer, with limitations. [1] See IRS Publication 946 for a 120-page guide to MACRS.

7. Internal Revenue Manual - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Manual

   The IRS Internal Revenue Manual is the official source of instructions to IRS personnel relating to the organization, administration and operation of the IRS. The IRM contains directions IRS employees need to carry out their responsibilities in administering IRS obligations, such as detailed procedures for processing and examining tax returns.

8. Section 179 depreciation deduction - Wikipedia

   en.wikipedia.org/wiki/Section_179_depreciation...

   The section 179 election is subject to three important limitations. [6]First, there is a dollar limitation. Under section 179(b)(1), the maximum deduction a taxpayer may take in a year is $1,040,000 for tax year 2020.

9. Oil depletion allowance - Wikipedia

   en.wikipedia.org/wiki/Oil_depletion_allowance

   The oil depletion allowance in American (US) tax law is a tax break claimable by anyone with an economic interest in a mineral deposit or standing timber. [citation needed] The principle is that the asset is a capital investment that is a wasting asset, and therefore depreciation can reasonably be offset (effectively as a capital loss) against income.