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Please answer urgent Rayna bought an apartment building in July 2016 for $395,000 and sold it for $529,000 in 2022 . There was $92,078 of
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Rayna bought an apartment building in July 2016 for $395,000 and sold it for $529,000 in 2022 . There was $92,078 of accumulated depreciation allowed on the apartment building. If Rayna is in the 35% tax bracket, how much of the gain is taxed at 25% ? Multiple Choice $0 $134,000 $41,922 $92,078Step by Step Solution
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