William sold section 1245 property for 25000 in 2012 the

Reference no: EM13370687

William sold Section 1245 property for $25,000 in 2012. The property cost $35,000 when it was purchased five-years ago. The depreciation claimed on the property was $16,000. For all parts, show your math:

(a) Compute the adjusted basis of the property.

(b) Analyze the recomputed basis of the property.

(d) Estimate the Section 1231 gain.

How do I calculate these?

Reference no: EM13370687

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