Robert acquired his rental property in November 2003 for $100,000 and sold it in October 2013 for
$225,000.The accumulated straight-line depreciation on the property at the time of the sale was
$20,000.Robert is in the 35 percent tax bracket for ordinary income.
a.What is Robert's gain on the sale of his rental property?
b.How is the gain taxed? i.e. ,What tax bracket is the gain subject to)?

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The Answer of Robert acquired his rental property in November 2003 for $100,000 and sold it in October 2013 for
$225,000.The accumulated straight-line depreciation on the property at the time of the sale was
$20,000.Robert is in the 35 percent tax bracket for ordinary income.
a.What is Robert's gain on the sale of his rental property?
b.How is the gain taxed? i.e. ,What tax bracket is the gain subject to)?

Robert Acquired His Rental Property in November 2003 for $100,000