report half of the income in 2017 and hall in 2018 Mark for follow up Question 11 of 75 O $10,000 O $5,000 $3,000 O $1,000 Mark for folow up Question 12 of 75. Which of the following situations involving an exchange of business property exemplifies a fully nontaxable exchange? O Miranda traded a commercial refrigerator plus $5,000 for Patricia's commercial refrigerator O Lois exchanged a commercial sewing machine for Edwina's commercial sewing machine plus $5,000 in cash. O Harold traded an improved lot for Olivers rental house Oliver paid the $2,000 expense incurred with the exchange. O David traded his delivery van with Marcia for a printing press. Mark for follow up Question 13 of 75. In January 2015, Sue purchased and placed into service a $20.000 piece of equipment for exclusive use in her business. Sinoe depreciation. She sold the equipment in November 2017 for $7,000. What is the amount and type of gain or loss, and where on C $346 $1231 loss, Part I o $346 51231 gain, Part 1 $346 1245 loss, Part III 534651245 gain, Part III Mark for follow up Question 14 ot 75. Which of the following statements is correct with regard to unrecaptured $1250 gain? Unrecaptured $1250 gain is: O Taxed at 28% capital gains tax rate or the taxpayer's lower tax rate, if applicable. O Taxed at 25% capital gains tax rate or the taxpayer's lower tax rate, if applicable Taxed at 15% capital gains tax rate or the taxpayer's lower tax rate, if applicable O Taxed at 0% capital gains tax rate or the taxpayer's lower tax rate, if applicable