Lynne owns depreciable residential rental real estate that has accumulated depreciation of $65,000 (all from straight-line) . If Lynne sold the property, she would have a $53,000 gain. The initial characterization of the gain would be:

a.Section 1245 gain.

b.Section 1250 gain.

c.Section 1239 gain.

d.Section 1231 gain.