Section 1250 means:
the part of the Internal Revenue Code that deals with gains from real estate on which accelerated depreciation has been claimed. Gains on residential properties are generally treated as capital gains except to the extent of the accelerated depreciation claimed. Gains on nonresidential property on which accelerated depreciation has been claimed are all recaptured to the extent of the gain or depreciation, whichever is less.
Description and Definition of Section 1250
This section of the Internal Revenue Code deals with depreciable real estate.