Jodi owns a downtown office building. Jodi originally purchased the building for $900,000 and took straight-line depreciation deductions of $400,000. What are the tax consequences if Jodi sells the building for $2,100,000?

		Jodi will have ordinary income of $0.
		Jodi will have $400,000 of gain taxed at 25%.
		Jodi will have 1231 gains of $1,200,000 taxed at 15% or 20%.
		All of the above. Income Tax