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Brad sold a rental house that he owned for $246,000. Brad bought the rental house five years ago for $229,000 and has claimed $48,000 of
Brad sold a rental house that he owned for $246,000. Brad bought the rental house five years ago for $229,000 and has claimed $48,000 of depreciation expense. What is the amount of Brads unrecaptured 1250 gain or loss? (Use only numbers, not dollar signs or punctuation. For loss, use parentheses around the number.)
B.Same facts as above. What is the amount of Brad's 1231 gain or loss? (Use only numbers, not dollar signs or punctuation. For loss, use parentheses around the number.)
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