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In 2007, Jose purchased an office building (excluding larid) for $1,000,000 and used the office building in his sole proprietorship. While Jose owned the office
In 2007, Jose purchased an office building (excluding larid) for $1,000,000 and used the office building in his sole proprietorship. While Jose owned the office building, his depreciation deductions totaled $100,000 (straight-line depreciation). Jose sold the property in 2020 for $1,150,000. Same facts as previous three questions. What amount of Jose's gain on the sale of the office building is unrecaptured 1250 gain
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