Brad sold a rental house that he owned for $245,000. Brad bought the rental house five years ago for $230,000 and has claimed $47,500 of depreciation expense. What is the amount and character of Brad's gain or loss? Multiple Choice $15,000 ordinary and $47.500 unrecaptured $1250 gain $15,000 $1231 gain and $47,500 unrecaptured $1250 gain. $15,000 capital and $47,500 ordinary gain $62,500 ordinary gain None of the choices are correct