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This tax worksheet estimates an individual’s tax on the sale of rental or business real property held more than one year.
For further assistance on this topic, click the Tax Flowcharts item group 
button and view the Reporting Sales of Business Property (Form 1040) tax flowchart.
Footnotes
a Section 1250 property is depreciable real property other than real property that is Section 1245 property.
b Section 1245 property is any depreciable personal property (tangible or intangible).
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