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Ana bought a 4-unit apartment building in July 2007 for $360000 and Sold it for $480000 in 2016. There was $96541 of accumulated straight-line depreciation
Ana bought a 4-unit apartment building in July 2007 for $360000 and Sold it for $480000 in 2016. There was $96541 of accumulated straight-line depreciation on the apartment building. Assuming that Ana is in the 33% tax bracket, how much of her gain is taxed at 25%?
$0 $96541 $120000 $216541
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