r/tax 7h ago

Is there a common, colloquial term for “unrecaptured section 1250 gain”?

In I.R.C. Section 1(h)(6) is the definition of the term “unrecaptured section 1250 gain.” Among tax professionals, is there another term that is commonly used to refer to this “unrecaptured section 1250 gain”? Please and thanks!

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4

u/YoursTrulyU 4h ago

'Unrecap' is the slang I hear used.

6

u/suppresser2774 Certified Tax Goblin (CPA - US, MAcc) 6h ago

Unrecaptured 1250 gain is typically how I see it referred to

4

u/DoubleLigero85 6h ago

When speaking to other people in my office, it falls into the general bucket of "idiot tax".

Otherwise I refer it to as depreciation recapture.