Section 1245 is a part of the IRS code that relates to gain from dispositions of depreciable property. The section states that favorable capital gains tax treatment may be available for a depreciable property sold at a p... More » Government & Politics Law

Section 1245 of the U.S. tax code covers taxation on the gain from sales of tangible or intangible personal property that is being or has been depreciated. It includes machinery, vehicles and equipment used in manufactur... More »

California Probate Code Section 13100 is part of the California state law regarding the acquiring of property under a certain value by a successor from the estate of a decedent. It is applicable after a period of 40 days... More »

Section 1250 of the Internal Revenue Code governs the treatment of income gained from selling business property that has depreciated, according to Investopedia. Gains on the sale of such property are treated as ordinary ... More » Government & Politics Law

Common crimes in the California Penal Code include burglary (section 459), child abuse (section 11,164), domestic violence (Sections 243[e][1] and 273.5) and murder (Section 187), according to California Legislative Info... More » Government & Politics Law

Exchanges under Internal Revenue Code Section 1031, also known as like-kind exchanges, must involve business or investment property to qualify for a tax deferment, reports the IRS. Like-kind exchanges of unequal value ma... More » Business & Finance Taxes

As of 2015 the main difference between California's community property law and Wisconsin's marital property law is that in California a registered domestic partnership creates community property obligations, whereas in W... More » Government & Politics Law