Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was ...

STORY'S DEPRECIATED PROPERTY. Share full article. March 9, 1884. Credit... The New York Times Archives. See the article in its original context from March 9, 1884, Page 10 Buy Reprints.

For example, if you purchase a rental property for $500,000, you can depreciate the cost of the physical property. If the value of the land is $50,000, you can depreciate the remaining $450,000.

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was depreciated beyond the straight-line method, the extra depreciation is taxed ...