17. Brad sold a rental house that he owned for $247,500. Brad bought the rental house five years ago for $227,500 am has claimed $48,750 of depreciation expense. What is the amount and character of Brad's gain or loss? Multiple Choice A. $20,000 ordinary and $48,750 unrecaptured 1250 gain. B. $20,000 1231 gain and $48,750 unrecaptured 1250 gain. Correct C. $68,750 capital gain. D. None of the choices are correct. E. $68,750 ordinary gain