88. Albert is in the 35% marginal tax bracket. He sold a building in the current year for $450,000. Albert received $110,000 cash at closing, the buyer assumed Albert's mortgage for $120,000, and the buyer gave Albert a 6% note for $220,000 due in two years. The Federal rate was 6%. Albert's basis in the building was $180,000 ($500,000 cost - $320,000 accumulated straight-line depreciation). Assuming that he did not elect out of the installment method, Albert's $ 1231 gain and gain taxed at the 25% rate in the year of sale are what amounts? Section 1231 Gain Unrecaptured 1250 Gain Taxed at 25% a. $66,000 $0 b. $0 $66,000 c. $90,000 $90,000 d. $90,000 SO