section 1250 property
“Real property (other than section 1245 property) which is or has been subject to an allowance for depreciation.” Pub. 946, How to Depreciate Property (2020), IRS.
“Real property (other than section 1245 property) which is or has been subject to an allowance for depreciation.” Pub. 946, How to Depreciate Property (2020), IRS.