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ilsha Buys a scuplure from a collector for resale in a gallery for $$8,400.$ It was sold $15$ months later for $$12,500.$ What are the nature and amount of the gain on sale of the sculpture?

Multiple Choice

$$4\mathrm{.}00$ gain subject to $28\%$ collectibles tax rate

$$4,300$ ordinary income

$$4\mathrm{.}100$ Section $1231$ gain

$$4\mathrm{.}100$ Section $1245$ gain

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$17$ of $28$

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