When does unrecaptured §1250 gains apply?
A. When the taxpayer makes the election.
B. It applies only when non-corporate taxpayers sell depreciable real property at a gain.
C. It applies when §1245 recapture trumps §1250 recapture.
D. It applies only when real property purchased before 1986 is sold at a gain.
E. None of these.
Answer: B. It applies only when non-corporate taxpayers sell depreciable real property at a gain.