Aqua corporation purchases nonresidential real property on may 8, 2015, for $1,000,000. straight-line cost recovery is taken in the amount of $89,765 before the property is sold on november 30, 2018, for $1,500,000 a. compute the amount of aqua's recognized gain on the sale of the realty 17,953 x feedback check my work section 1250 property consists of real property that is not section 1245 property, generally buildings and their structu when section 1250 property is sold there is a possibility of section 1250 depreciation recapture. b. determine the amount of the recognized gain that is treated as § 1231 gain and the amount that is treated as § 1250 recapture due to § 291. s 1231 gain 71,812 x § 1250 recapture due to § 291