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During 2016, Judy Jenkins sold Section 1250 nonresidential real property for $30,000. She had purchased the property in 1980 at a cost of $100,000. Judy
During 2016, Judy Jenkins sold Section 1250 nonresidential real property for $30,000. She had purchased the property in 1980 at a cost of $100,000. Judy had properly claimed depreciation totaling $80,000, of which $20,000 was additional (excess) depreciation. What is the amount of Judy's ordinary income?
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