Multiple Choice
A retail building used in the business of a sole proprietor is sold on March 10, 2019, for $342,000.The building was acquired in 2009 for $400,000 and straight-line depreciation of $104,000 had been taken on it.What is the maximum unrecaptured § 1250 gain from the disposition of this building?
A) $400,000
B) $322,000
C) $104,000
D) $26,000
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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