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To use Schedule C, Self-employed business income, the taxpayer must intend on making a profit. Select one: True False Your business bought building for $100,000 and has claimed $80,000 in depreciation and now sells it for $60,000. What is the gain situation? a. $40,000 of $1245 gain b. $60,000 of $1245 gain c. $40,000 of $1250 gain d. $60,000 of capital gain e. $60,000 of $1250 gain