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Glossary   >   S   >   "Section 1245" Definition            Section 1245 The part of the IRS code stating that depreciable property which has been sold in excess of depreciated or salvage value may qualify for favorable capital gains tax treatment. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Section 1245 \ The part of the IRS code stating that depreciable property which has been sold in excess of depreciated or salvage value may qualify for favorable capital gains tax treatment.