TKM, LLC purchased office furniture for use in its business on October 15, 2022. The furniture was the only asset TKM, LLC acquired during 2022. The cost of the office furniture was $1,900,000. In addition to the purchase price, TKM, LLC incurred the following additional costs related to the furniture in 2022:

$40,000 to ship the furniture to TKM, LLCs business location in Chicago, Illinois;

$50,000 to stain the furniture to match TKM, LLCs office decor;

$120,000 for sales tax on the purchase of the furniture;

$10,000 for annual maintenance of the furniture.

If TKM, LLC sells the office furniture for $400,000 on June 15, 2026, the Section 1231 look-back rule does not apply to the company and the company does not sell any other assets in 2026, what is the character of the gain that TKM, LLC will recognize on its federal income tax return in 2026?