$1.$ A triplex property was purchased on January $1$st$,2024,$ for $$1\mathrm{.}4$

million. Assume the improvements of the property are valued at $70\%$ with

a depreciation schedule of $27\mathrm{.}5$ years. After holding the property for $10$

years, you decide to sell the property for $$2\mathrm{.}6$ million. If ordinary income

tax rate is $25\%$ and long$-$term capital gains tax rate is at $12\%,$ what is your

tax liability

$2.$ You see another newly constructed Fourplex property on the

market for $$4\mathrm{.}2$ million dollars and decided to defer your tax liability by

doing a $1031$ exchange for the purchase. What is your new cost basis and

accumulated depreciations at this point?

$3.$ As you hold the fourplex for another $5$ years $($assume $70\%$

improvements and $30\%$ land cost$),$ before selling it for $$6$ million, what is

your tax liability $($ordinary income tax rate of $30\%,$ long$-$term capital gains

tax rate of $15\%)?$

Show all work $($IMPORTANT$).$ Thank You! Correct answers will be upvoted