Nella sold a rental house on October 3 of this year. She purchased the property on 9/15/2010. The building (excluding the value of the land) cost $2,000,000. How much is her current year depreciation deduction?

Select one:

a. $36,364

b. $60,600

c. $57,570

d. $72,720

Doris sold a warehouse in 2020. She has unrecaptured 1250 gain of $20,000. She is single and her other taxable income is $150,000. The $20,000 of unrecaptured gain is taxed at the 25 percent preferential capital gains rate.

Select one:

True

False

Hortense sells a warehouse he placed in 2015. He recognizes a gain on the sale. This is Hortense's first and only sale of Sec. 1231 property. The gain is a LTCG and the the details of the sale are therefore reported on Schedule D of Form 1040.

Select one:

True

False