IRS Section 1245 determines how certain types of property are taxed upon sale. Specifically, it deals with recapturing depreciation on personal property and specific kinds of real estate.
2023 Stud Fee: $15,000 2024 Foals: 157 31 offered, 24 sold, $1,926,000 gross, $80,250 average, $65,000 median Colts: 11 sold, $80,545 avg Fillies: 13 sold, $80,000 avg ...
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