Nonrecaptured Section 1231 Archives

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Form 4797 – Nonrecaptured Section 1231 Losses on Sale of Real Estate

Section 1231 applies to property used in a trade or business that was held for more than 1 year. Section 1231 gains are taxed as long-term gains while losses are ordinary. This article discusses Section 1231 as it applies to rental real estate.

Jason Knott2024-07-05T11:18:44+00:00Tags: Depreciation Recapture, Form 4797, IRS, Nonrecaptured Section 1231, Sale of Real Estate, Section 1231|

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