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Betty Lou sold a rental condominium that she had owned for several years. Her records reveal the following: Item to be Allocated Total Personal Property

Betty Lou sold a rental condominium that she had owned for several years. Her records reveal the following: Item to be Allocated Total Personal Property Building Land Rights Original purchase price $100,000 $15,000 $ 80,000 $5,000 Total depreciation claimed 67,000 15,000 52,000 0 Allocated selling price 150,000 12,000 130,000 8,000.


How much of the gain to be recognized on this transaction will be reported as Sec. 1245 recapture?

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