Eighteen year residential real property owned by TP has accumulated accelerated depreciation of $180,000 as of January 1, 2021. If depreciation had been computed under the straight-line method, accumulated depreciation would have been $130,000. The taxpayer had an adjusted basis in the property of $0. The property was sold for $300,000 on January 5, 2021..

a. What is the 1250 ordinary gain on the sale of the property?

b. What is the unrecaptured 1250 gain (taxed at maximum 25%) on the property?

c. What is the 1231 gain taxed at 15%/20%?