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An individual taxpayer has $25,000 of section 1231 gain from the disposition of non-residential real estate. Straight-line depreciation of $43,000 was deducted on the real
An individual taxpayer has $25,000 of section 1231 gain from the disposition of non-residential real estate. Straight-line depreciation of $43,000 was deducted on the real estate. The taxpayer also has a section 1231 loss of $56,000 from the sale of equipment. How much of the section 1231 gain is taxed as recaptured section 1250 gain?
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