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If an individual sells depreciable real estate at a gain, then the entire gain is taxed at y maximum rate of 15%. the gain due

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If an individual sells depreciable real estate at a gain, then the entire gain is taxed at y maximum rate of 15%. the gain due to depreciation is taxed as a long-term capital gain. Both statements are correct. Only statement II is correct. None of the statements are correct. Only statement I is correct

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