recapture income
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 453 — for purposes of this section (2 versions over time)
For purposes of paragraph (1), the term “recapture income” means, with respect to any installment sale, the aggregate amount which would be treated as ordinary income under section 1245 or 1250 (or so much of section 751 as relates to section 1245 or 1250) for the taxable year of the disposition if all payments to be received were received in the taxable year of disposition.