1.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 wit h
$600,000 taxed at 25% because it is unrecap – rured Sec. 1250 gain . If he dies
before selling the apartment complex and his estate sells the prop – erty for
$2 million, how much ordinary income muse the estate recognize?
2. Rashad owns a duplex used 100 % as residentia l rental
property . Under what condit ions, if any,
will any gain that he recognizes be Sec. 1245 ordinary
income?
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