Cary owns an apartment complex that he manages and operates full-time. It was acquired for $7 million. He owned the building for six years before he added buildings to the complex in 2004 for $2.1 million. He has taken $5.6 million in MACRS straight-line depreciation in total, including the depreciation on the addition. A potential buyer is willing to pay $13 million for the company, but he will have to pay a 4% seller's agent fee. He expects it to close in December 2023