Business
Business, 09.12.2021 01:00, Nicky156

Lynne owns depreciable residential rental real estate that has accumulated depreciation of $65,000 (all from straight-line) . If Lynne sold the property, she would have a $53,000 gain. The initial characterization of the gain would be:

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Lynne owns depreciable residential rental real estate that has accumulated depreciation of $65,000 (...

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