Rachelle purchased a rental duplex unit for $300,000 two years ago. She has claimed $20,000 of depreciation deductions during the holding period. She sells the rental property for $310,000 this year. She is in the 35% tax bracket and has $400,000 of taxable income. How will the total gain from the sale be taxed? None of the gain will be taxed. $20,000 will be taxed at 25%,$10,000 will be taxed at 15% $30,000 gain will be taxed at 35% $30,000 gain will be taxed at 15%