Janice and her husband have made some asset sales this year, and they are confused on their treatment for tax purposes: Janice owns an unincorporated dry cleaning business. 10 years ago, she purchased a corner tract of land on which yo build her business for $25,000. Immediately after, she found an affordable lease in a better part of town, and has been holding the land in the event of a future expansion was needed. This year she finally decided to sell. She sold for $72,000 but had to pay her agent a 3% commission.