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1. Lucylivedin a five-unit apartment building that she purchased in 1995 for $60,000.Lucy rented out the other four apartments in the building.Lucy had taken depreciation of $24,000 on the rented portion of the building.In 2016, she sold the building for $250,000 and purchased a new personal residence for $90,000.How much gain on the sale of the personal portion of her residence must Lucy report on her 2016 return?
2. A.Norecognitionofgain.
3. B.$30,000
4. C.$160,000
5. D.$190,000