Federal Taxation Which, if any, of the following is incorrect regarding 1245 recapture?

Federal TaxationWhich, if any, of the following is incorrect regarding § 1245 recapture?a. It applies regardless of the holding period of the property.b. It applies to the total amount of depreciation allowed or allowable regardless of the depreciation method used.c. It applies to gains but not losses.d. All of the above.e. None of the above.

Which, if any, of the following is incorrect regarding § 1245 recapture?a. It applies regardless of the holding period of the property.b. It applies to the total amount of depreciation allowed…

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