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Janet Maple sold her apple orchard in 2022 for $80,000. Her adjusted basis at the time of sale was $60,000. She bought the orchard in

Janet Maple sold her apple orchard in 2022 for $80,000. Her adjusted basis at the time of sale was $60,000. She bought the orchard in 2015, but the trees did not produce a crop until 2018. Her pre-productive expenses were $6,000. She elected not to use the uniform capitalization rules. Janet must treat what amount of the gain as ordinary income

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