Meena purchased a 4-unit apartment building in 2016. She sold the property in 2021. Her total gain
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Meena purchased a 4-unit apartment building in 2016. She sold the property in 2021. Her total gain on the property was $64,325. The gain in excess of depreciation was $36,280. The remainder of the gain was unrecaptured depreciation.
How much of her gain is taxed at a maximum rate of 25%?
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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