Question

Match each term to its correct definition.

	121
	1031
	1231
	1245
	1250
	469
	168(k)
	179

A.	Relates to the ability to exchange property and not trigger gain until the property is sold later
B.	Relates to passive income and its allowances for deduction in the current year
C.	Relates to immediate expensing of assets in the year bought or placed into service
D.	Relates to bonus depreciation of assets in the year bought or placed into service
E.	Relates to the treatment of the sale of business assets, where if qualified, the gain will be taxed at capital gains rates and the loss will be allowed as ordinary losses
F.	Relates to the depreciation recapture of deprecation on personal tangible property
G.	Relates to the gain exclusion for the sale of a personal home
H.	Relates to the depreciation recapture of deprecation on real property

Answer 1