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Steven has a $43,000 recognized gain on a Section 1245 property with related depreciation of$17,000. How much of the gain will be taxed at ordinary

Steven has a $43,000 recognized gain on a Section 1245 property with related depreciation of$17,000. How much of the gain will be taxed at ordinary income rates?

$0 $17,000 $24,000 $43,000

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