A retail building used in the business of a sole proprietor is sold on March 10,2011,for $322,000.The building was acquired in 2001 for $400,000 and straight-line depreciation of $104,000 had been taken on the building.What is the maximum unrecaptured § 1250 gain from the disposition of this building?

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The Answer of A retail building used in the business of a sole proprietor is sold on March 10,2011,for $322,000.The building was acquired in 2001 for $400,000 and straight-line depreciation of $104,000 had been taken on the building.What is the maximum unrecaptured § 1250 gain from the disposition of this building?

A Retail Building Used in the Business of a Sole