If a taxpayer sells 1250 property, which of the following is NOT true?

Gain is ordinary income to the extent of depreciation in excess of straight-line depreciation

. Unrecaptured 1250 gain is reported as ordinary income to the extent of any unrecaptured 1250 losses claimed in the five preceding years

. Unrecaptured 1250 gain is subject to a maximum tax rate of 25%.

No part of the gain is treated as ordinary income if the property was depreciated using straight-line MACRS.