George Buckner sells an apartment building on October 10 for Si 75 million. The building was purchased

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George Buckner sells an apartment building on October 10 for Si 75 million. The building was purchased on January 1, 1996, for $2 million. Depreciation of $420,000 has been taken. The figures given above do not include the purchase price or the selling price of the land Mr. Buckners adjusted basis for the land is $200000, and the sales price is 5350.000 Mr. Buckner, who owns and operates a taxi business, sells one of the automobiles for $1800 on November 14th The automobiles adjusted basis is zero, and the original cost is $15,000. The automobile was purchased on April 25. 2007. Mr. Buckner has no other gains and losses during the year, and nonrecaptured net Sec. 1231 losses amount to $32,000 Prepare Form 4797
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