A retail building used in the business of a sole proprietor is sold on February...
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A retail building used in the business of a sole proprietor is sold on February 10, 2019, for $453,000. Straight-line depreciation of $37,000 had been taken on the building and it had been acquired in 2006 for $113,000. What is the maximum amount that will be taxed as a 1250 gain at a maximum rate of 25% from this disposition (ignore the medicare tax on net investment income)?
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