Common use of Recapture Amount Clause in Contracts

Recapture Amount. (1) In general. The recapture amount for a disposition is the lesser of— (i) The prior understated inclusion (determined under paragraph (b)(2) of this section); or (ii) The section 467 gain (determined under paragraph (b)(3) of this section).

Appears in 4 contracts

Samples: Rental Agreement, Lease Agreement, Lease Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!