Four years ago you bought a widget-making machine for your Schedule C wid-get-making business for $10,000,000. Here are some additional facts:

• Weirdly, pandemic-related supply chain disruptions have resulted in the value of your machine actually increasing despite its accumulated wear and tear as of today its FMV is exactly $12,900,000.
• The reason why you know beyond a shadow of a doubt that the machines FMV is that amount is because you just sold it today in an arms-length transaction for that very price.
• After all of the delightful MACRS depreciation deductions that you will have claimed (including for this year) with respect to the machines original cost, your adjusted basis in the machine immediately prior to todays sale was precisely $3,800,000.

What amount and character of gain will you be reporting on your 2021 tax return with respect to todays sale?