recapture income
Defined in 1 place of the United States Code.
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 (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.
Source
- 1994–201726 U.S.C. § 453Internal Revenue Code · Installment method · for purposes of this section
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.
Source
- 2017–present26 U.S.C. § 453Internal Revenue Code · Installment method · for purposes of this section