Question: on January 2 1 , 2 0 2 2 , lorie sold a residential rental condominium that she had purchased and put into service in

on January 21,2022, lorie sold a residential rental condominium that she had purchased and put into service in march 2018. her gain on the sale was $10,000 and the depreciation allowed or allowable was $15,635. Lorie didn't sell any other residential real property in this year. What is the amount and nature of the gain or loss?

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