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Huey sold a warehouse with an original cost of $ 1 5 0 , 0 0 0 for $ 2 3 0 , 0 0
Huey sold a warehouse with an original cost of $ for $ to an S corp where he owns a interest. The S corp will use the warehouse in the business. The warehouse had accumulated depreciation of $ Assuming no other asset sales during the year, how will the gain be taxed to Huey?
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