Use the following information to complete Form $6252.$

John Wong purchases an apartment complex on January $15,2017,$ for $$200,000.$ He allocates $$25,000$ to the cost of land and deducts MACRS depreciation totaling $$35,818\mathrm{.}00.$

John sells the apartment on January $14,2022,$ for $$260,000.$ The buyer assumes the existing mortgage of $$180,000$ and pays $$20,000$ down. The buyer agrees to pay $$30,000$ per year for two years plus $10\%$ interest.

John incurs selling expenses of $$16,000.$

His social security number is $252-63-3669$