Order the answer to: Roger owns an apartment complex with a FMV of $2

Custom Essays law-business-law Order the answer to: Roger owns an apartment complex with a FMV of $2

law-business-law

Order the answer to: Roger owns an apartment complex with a FMV of $2

Question Roger owns an apartment complex with a FMV of $2 million. If he sells the apartment complex. $700.000 of the gain is Sec. 1231 gain with $600.000 taxed at 25% because it is unrecaptured Sec. 1250 gain. If he dies before selling the apartment complex and his estate sells the property for $2 million, how much ordinary income must the estate recognize?
Subject law-business-law
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