Sylvio Purchased an Apartment Building as an Investment in January

question 51

Multiple Choice

Sylvio purchased an apartment building as an investment in January 2008 for $383,500 and sold it for $475,000 in 2014.He reported $68,436 of allowed accumulated straight-line depreciation.If Sylvio is in the highest tax bracket for ordinary income,how much of his gain qualifies for preferential tax treatment?

• A) $0.
• B) $68,436.
• C) $91,500.
• D) $159,936.

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Definitions:

Neuromuscular Impairment

Conditions that affect the muscles and nerves, disrupting their ability to move and function properly.

Aspiration

The inhalation of food, fluid, or foreign material into the lungs, or the ambition to achieve a goal.

Aspiration

The act of inhaling foreign objects into the airways, potentially leading to choking or respiratory issues, or the ambition to achieve goals.

Tilts Head

The action of inclining the head to one side, which can indicate curiosity, confusion, or a listening posture.