Trena LLC, a tax partnership owned equally by Trent and Nina, sells a building it had placed in service five years ago. Sec. 291 will require that part of the gain (up to 20% of accumulated depreciation) be treated as ordinary gain, with the balance treated as Sec. 1231 gain.
Answer the following statement true (T) or false (F)
False
Sec. 291 recapture does not apply to noncorporate taxpayers.
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