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Question - Brad sold a rental house that he owned for $250,000. Brad bought the rental house five years ago for 225,000 and as claimed 50,000 of depreciation expense. What is the amount and character of Brad's gain or loss?
A. 25,000 ordinary and 50,000 unrecaptured 1250 gain
B. 25,000 1231 gain and 50,000 unrecaptured 1250 gain
C. 75,000 ordinary gain
D. 75,000 capital gain
E. None of these
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