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Jody gives a child, Clove, 1 2 4 5 property with an adjusted basis of $ 3 , 0 0 0 . The amount of
Jody gives a child, Clove, property with an adjusted basis of $ The amount of recapture potential is $ Clove uses the property in a business and claims further depreciation of $ before selling it for $ Which of the following statements is true?
a Clove has $ gain.
b Clove has $ gain and $ in ordinary income.
c Clove has $ gain and $ in ordinary income.
d Clove has $ gain and $ in ordinary income.
e Clove has $ in ordinary income.
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