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Determine when gains or losses on the disposition of certain assets qualify for special treatment - Criteria 3/4. 1! Kate purchased a single piece of

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Determine when gains or losses on the disposition of certain assets qualify for special treatment - Criteria 3/4. 1! Kate purchased a single piece of property in 2002 for $18,000. In 2005, she divided the property into 10 equal lots. She sold 3 lots in 2017, 4 lots in 2018, and 3 more lots in 2019. Selling expenses on each lot were $1.000. She received $45,000 for each of the 10 lots 1. Compute the amount of her gain treated as ordinary income in 2019 a $6.750 ob. $5,400 O c. $3,750 od $3,000

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