recapture amount

(2) Recapture amount For purposes of paragraph (1), the term “recapture amount” means the lesser of— (A) the prior understated inclusions, or (B) the excess of the amount realized (or in the case of a disposition other than a sale, exchange, or involuntary conversion, the fair market value of the property) over the adjusted basis of such property. The amount determined under subparagraph (B) shall be reduced by the amount of any gain treated as ordinary income on the disposition under any other provision of this subtitle.

Source

26 USC § 467(c)(2)

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Scoping language

None identified, default scope is assumed to be the parent (subpart C) of this section.

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