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An Unincorporated Business Sold Two Warehouses During the Current Year

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An unincorporated business sold two warehouses during the current year. The straight-line depreciation method was used for Building No. 1 and the accelerated method (ACRS) was used for Building No. 2. Information about those buildings is presented below. An unincorporated business sold two warehouses during the current year. The straight-line depreciation method was used for Building No. 1 and the accelerated method (ACRS) was used for Building No. 2. Information about those buildings is presented below. Accum. Depreciation How much gain from these sales should be reported as section 1231 gain and ordinary income due to depreciation recapture? Accum. Depreciation An unincorporated business sold two warehouses during the current year. The straight-line depreciation method was used for Building No. 1 and the accelerated method (ACRS) was used for Building No. 2. Information about those buildings is presented below. Accum. Depreciation How much gain from these sales should be reported as section 1231 gain and ordinary income due to depreciation recapture? How much gain from these sales should be reported as section 1231 gain and ordinary income due to depreciation recapture?

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Building No. 2 is co...

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