What Is The Difference Between Section 1231 And 1245 Property?
What Is The Difference Between Section 1231 And 1245 Property? As stated before, Section 1245 contains the depreciation recapture rules applying to the gains received from dispositions of certain depreciable property. … While Section 1231 directs the tax treatment of gains and losses for real and depreciable property used in a trade or business and