4-point BONUS QUESTION: Shawn (a single taxpayer) purchased a slope-side duplex (a residential building with 2 identical units) in 2007 for $500,000. Since the purchase, he has lived in one unit as his principal residence and rented the other unit to snowboarders, treating it as rental property and in properly deducting $110,000 depreciation under MACRS. On 3/13/19, Shawn sold the duplex for $900,000. Required: Determine the amount of gain (loss) recognized by Shawn and its character (including the applicable LTCG rate - 15%, 25%, or 28%). Final