11. Ginga, LP sold a rental apartment complex for $1,150,000. Ginga purchased the building in 1998 for a cost of $600,000 and had deducted $200,000 in Section 1250 depreciation through date of sale. Ginga should characterize the $750,000 gain recognized on sale as:

A. All Section 1231 gain subject to the capital gains tax rate. B. $200,000 as unrecaptured Section 1250 gain and a $550,000 Section 1231 loss.

C. All unrecaptured Section 1250 gain.

D. $200,000 as unrecaptured Section 1250 gain and a $550,000 Section 1231 gain.

E. None of the above.