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2. Depreciation recapture - Wikipedia

   en.wikipedia.org/wiki/Depreciation_recapture

   Any gain above that is a capital gain subject to capital gains tax rates (usually more favorable). For example, the widget discussed above had an original basis of $1,000. The taxpayer took $400 worth of depreciation deductions from their ordinary income over the course of four years.

3. 1231 property - Wikipedia

   en.wikipedia.org/wiki/1231_property

   Gains and losses under 1231 due to casualty or theft are set aside in what is often referred to as the fire-pot (tax). These gains and losses do not enter the hotchpot unless the gains exceed the losses. If the result is a gain, both the gain and loss enter the hotchpot and are calculated with any other 1231 gains and losses.

4. Schedule D: How to report your capital gains (or losses) to ...

   www.aol.com/finance/schedule-d-report-capital...

   Depending on your answers to the various Schedule D questions, you’re directed to the separate Qualified Dividends and Capital Gain Tax worksheet or the Schedule D Tax worksheet, which are found ...

5. What is the long-term capital gains tax? - AOL

   www.aol.com/finance/long-term-capital-gains-tax...

   For example, in 2023, individual filers won’t pay any capital gains tax if their total taxable income is $44,625 or below. However, they’ll pay 15 percent on capital gains if their income is ...

6. Gain (accounting) - Wikipedia

   en.wikipedia.org/wiki/Gain_(accounting)

   For example, when an entity sells a machine it manufactured for sale, it recognizes the amount received as revenue and the cost of the machine cost of sales (an expense). If, on the other hand, an entity sells a machine previously used in production, it recognizes a gain if it receives more for the machine than its depreciated value ...

7. Tax amortization benefit - Wikipedia

   en.wikipedia.org/wiki/Tax_amortization_benefit

   When the purchaser of an intangible asset is allowed to amortize the price of the asset as an expense for tax purposes, the value of the asset is enhanced by this tax amortization benefit. [1] Specifically, the fair market value of the asset is increased by the present value of the future tax savings derived from the tax amortization of the ...