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Shonda owns a commercial building. She originally purchased the building for $1,150,000 and took straight- line depreciation deductions of $705,000. What amount of 1231 gains
Shonda owns a commercial building. She originally purchased the building for $1,150,000 and took straight- line depreciation deductions of $705,000. What amount of 1231 gains will Shonda have consequences if she sells the building for$2,075,000?
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