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Allen purchased a trademark on January 1 of last year for $150,000. On January 1 of this year, Allen sold the trademark for $200,000. How

Allen purchased a trademark on January 1 of last year for $150,000. On January 1 of this year, Allen sold the trademark for $200,000.

How much of Allen's gain on the sale of the trademark is Sec. 1245 gain?

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