Marty sells his fully depreciated building at a gain to an unrelated party. The building is purchased

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Marty sells his fully depreciated building at a gain to an unrelated party. The building is purchased before 1981. Is any of the gain taxed as ordinary income?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Jul 13, 2016 03:55 AM

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Marty sells his fully depreciated building at a gain to an unrelated party. The building is purchased

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Federal Taxation 2016 Comprehensive

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