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Laura bought a 2-unit apartment building in July 2012 for $330,000 and sold it for $400,000 on December 20, 2019. At the time of sale
Laura bought a 2-unit apartment building in July 2012 for $330,000 and sold it for $400,000 on December 20, 2019. At the time of sale there was $83,493 of accumulated straight-line depreciation on the apartment building. Assuming Otis is in the 37% tax bracket, how much of the gain will be taxed at 25%? 153493, 83493, 0, 70000
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