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Brad sold a rental house that he owned for $251,500. Brad bought the rental house five years ago for $223,500 and has claimed $50,750 of depreciation expense. What is the amount and character of Brad's gain or loss?

User Chrigu
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Brad's gain from the sale of the rental house is $28,000 ($251,500 - $223,500 - $50,750). This gain is characterized as a capital gain.
User Conner Reeves
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