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In the current year, Tim sells Section 1245 property for $28,000 that he had purchased 6 years ago. Tim has claimed $7,000 in depreciation on the property and originally purchased it for $20,000. How much of the gain is taxable as ordinary income?
Observational Learning
The process of observing and imitating the behavior of others.
Self-regulation
The ability of an individual to manage their own thoughts, feelings, and behaviors to achieve long-term goals.
Reinforce Themselves
The process whereby actions or behaviors are naturally strengthened or encouraged without external intervention.
Self-regulation
The ability to monitor and control one's own behavior, emotions, or thoughts, adjusting them in accordance with demands and goals.
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