Business
Business, 11.12.2019 03:31, zmzmzmzmz2975

Brad sold a rental house that he owned for $250,000. brad bought the rental house five years ago for $225,000 and has claimed $50,000 of depreciation expense. what is the amount and character of brad's gain or loss?
a) $25,000 ordinary and $50,000 un-recaptured §1250 gain.
b) $25,000 §1231 gain and $50,000 un-recaptured §1250 gain.
c) $75,000 ordinary gain.
d) $75,000 capital gain.
e) none of these.

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