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What would be the taxable gain (loss) on a property given the following information? Sale price $5,500,000 repairs & Maintenance $5,000 Brokers Commission 6% Depreciation

What would be the taxable gain (loss) on a property given the following information?

Sale price $5,500,000

repairs & Maintenance $5,000

Brokers Commission 6%

Depreciation $1,000,000

Utilities 3,500

Original purchase price $4,000,000

Cost of a new roof 350,000

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