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7. Hector owns an apartment building that he purchased in 2008 for $400,000. He has taken $200,000 of depreciation on the building. On December 1,
7. Hector owns an apartment building that he purchased in 2008 for $400,000. He has taken $200,000 of depreciation on the building. On December 1, 2021 he sells the building for $900,000. How is this transaction taxed for Hector
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