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Question 6 of 35 . Marcus sold a residential rental building for a gain of $30,000. He had originally purchased the building and placed it

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Question 6 of 35 . Marcus sold a residential rental building for a gain of $30,000. He had originally purchased the building and placed it in service in March 2016 (for simplicity, the sale of Land is not included in this question). The ameunt of depreciation allowed or allowable was $14,250. There were no other adjustments to the basis of the preperty, and Marcus did not sell any other property during the tax year. What is the amount and nature of Marcus's gain? $15,750 gain taxed as a long-term capital gain, and $14.250 gain taxed at a maximum of 25\%. $16,750 gain taxed as a long-term capital gain, and $14,250 gain added to business income. $30,000 gain taxed as a long-term capital gain, and \$14,250 gain taxed at a maximum of 25%. $30,000 gain taxed as a long-term capital gain, and $14,250 gain added to business income. Mark for follow up Question 7 of 35

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