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Brad sold a rental house that he owned for $253,500. Brad bought the rental house five years ago for $221,500 and has claimed $51750 of

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Brad sold a rental house that he owned for $253,500. Brad bought the rental house five years ago for $221,500 and has claimed $51750 of depreciation expense. What is the amount and character of Brad's gain or loss? Mutiple Choice 004322 83750 ordinery gain 32,000 ordinary and $51750 unrecaptured $1250 gain None of the choices are correct 83750 captal gain 32000 1231 sin and 51750 unecaptured $1250 an

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