[ANSWERED] John and Karen are unrelated individuals. John sold land that is Sec. 1231 property held for three..

John and Karen are unrelated individuals. John sold land
that is Sec. 1231 property held for three years and recognized a $50,000 gain.
Karen sold a building that is Sec. 1231 property held for three years and
recognized a $50,000 gain. Straight -line depreciation was used. John and Karen
both have a 32% tax rate, no other transactions involving capital assets or
1231 assets, and no nonrecap – tured Sec. 1231 losses. Except for the sales of
different assets, their tax situation is exactly the same. As a result of selling
his Sec. 1231 prop – erty, will John pay more, less or the same amount of taxes
than Karen as a result of selling her Sec. 1231 property? Explain.