Maria was the sole proprietor of an unincorporated business for many years. In September of 2023, she decided to dissolve her business and retire. She sold a small office building she had used exclusively for business purposes over the years. She realized a gain of $80,000 from the sale of this property. Over the period Maria owned and operated her business, she claimed $50,000 of depreciation on the building.\ Maria, who will use the single filing status, has 2023 taxable income of $186,100. 

What is the maximum amount of tax she will have to pay on the $50,000 of unrecaptured Section 1250 gain from the sale of the building? 

Answer rating: 100% (QA)

To calculate the maximum amount of tax Maria will have to pay on the 50000 of unrecaptured S... View the full answer