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How much gain on the sale of the personal portion

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Question - Juicy lived in a five-unit apartment building that she purchased in 1995 for $60,000. Juicy rented out the other four apartments in the building. Juicy had taken depreciation of $24,000 on the rented portion of the building. In 2016, she sold the building for $250,000 and purchased a new personal residence for $90,000. How much gain on the sale of the personal portion of her residence must Juicy report on her 2016 return?

Reference no: EM131871952

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