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February 2 – King Erik Eriksson of Sweden dies. The ten-year-old Valdemar, the eldest son of Birger Jarl, is elected King of Sweden, and becomes the first king from the House of Bjälbo. A Simple Explanation of Section 1250 Property With Examples. Section 1250 property is depreciable real property used in your business or rental activity and held for more than one year.
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Section 1250: How It Applies to Real Estate Taxes and Examples. Section 1250 of the Internal Revenue Code governs the taxation of gains derived from the sale of depreciable real property used in business or investment activities.

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