Roger owns an apartment complex with a FMV of $2 million. If he sells the apartment complex.

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Roger owns an apartment complex with a FMV of $2 million. If he sells the apartment complex. $700.000 of the gain is Sec. 1231 gain with $600.000 taxed at 25% because it is unrecaptured Sec. 1250 gain. If he dies before selling the apartment complex and his estate sells the property for $2 million, how much ordinary income must the estate recognize?
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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