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Jacob owned an office building that he depreciated using regular MACRS. He sold the building at a gain. On which part of Form 4797 is
Jacob owned an office building that he depreciated using regular MACRS. He sold the building at a gain. On which part of Form 4797 is the sale of the building reported, and what IRC section determines the type of gain?
a) Part I; 1231
b) Part II; 1231
c) Part III; 1245
d) Part III; 1250
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