Section 1245 Recapture Rule, Unrecaptured Section 1250 Gain (LO. 8. 9) Anton purchases a building on May 4, 2000, at a cost of $330,000. The land is properly allocated $40,000 of the cost. Anton sells the building on October 18, 2017, for $330.000. If an amount is zero. enter " a. What is the character of Anton's gain or loss on the sale if he uses the regular MACRS system and the building is an apartment building? Assume the accumulated depreciation at the time of the sale is 183,658 of which The total gain would be a long-term capital gain V b. What is the character of Anton's gain or loss on the sale if he uses the regular MACRS system and the building is an office building? Assume the accumulated depreciation at the time of the sale is 129,519. is Section 1250 recapture and is unrecaptured Section 1250. Any balance is considered ,. of which is Section 1250 recapture and is unrecaptured Section 1250. Any balance is considered The total gain would be Section 1231 gain V The recapture rule for gains on the sale of Section 1250 assets is more generous than under Section 1245