Tax Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Unrecaptured Section 1250 gain

Long-term gain realized on the sale of depreciable realty attributed to depreciation deductions and subject to a 25% capital gain rate.

Useful life

For property not depreciated under ACRS or MACRS, the estimate of time in which a depreciable asset will be used.

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