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On January 1, 2010, Super Study company ( a partnership) accquired depreciable real property (a building) for $50,000. Super Study used only straiight-line depreciation on
On January 1, 2010, Super Study company ( a partnership) accquired depreciable real property (a building) for $50,000. Super Study used only straiight-line depreciation on the real property. The building was sold for $96,000 on January 3, 2019, when its adjusted basis was $38,000. How much Section 1250 depreciation recapture does Super Study have on the sale of the bulding in 2019?
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