Chapter 13

Property Transactions: Section 1231 and Recapture

History of Sec. 1231
Overview of Basic Tax Treatment for Sec. 1231
Section 1231 Property
Involuntary Conversions
Procedure for Sec. 1231 Treatment
Recapture Provisions of Sec. 1245
Recapture Provisions of Sec. 1250
Additional Recapture for Corporations
Recapture Provisions—Other Applications
Section 179 Expensing Election
Conservation and Land Clearing Expenditures
Intangible Drilling Costs and Depletion