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Can I select both the Section 1231 and Section 1250 for the sale of a property if there is net gain calculated on the Form 4797 in a 1040 return in SureFire?

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No. You can only selectSection 1231 or Section 1250 for the sale of a property if there is net gain calculated on the Form 4797. You cannot select both sections.

Tags: federal,form