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tax question Taxpayer sells a building, land, and equipment for $2 million The building had basis of 500,000 and depreciation deductions of $50,000. The land

tax question
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Taxpayer sells a building, land, and equipment for $2 million The building had basis of 500,000 and depreciation deductions of $50,000. The land had basis of $250,000 The equipment had basis of $300,000 and depreciation deductions of $250,000 What amount of proceeds will be allocated to the land? O $476,190 O $1,333,333 O $571,429 O $1,428,571

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