Vladmir owned a duplex that he rented to tenants. He acquired the property several years ago for $296,000. He used the straight-line method of cost recovery, which totaled $75,000. Vladmir, who is in the 32% marginal income tax bracket, sold the property in February of the current year for $330,000. What is the amount and nature of the gain on the sale?

A)

$75,000 Section 1250 recapture

B)

$34,000 regular long-term capital gain, $75,000 Section 1250 recapture

C)

$34,000 regular long-term capital gain, $75,000 unrecaptured Section 1250 income

D)

$75,000 long-term capital gain