### How much of the gain is ordinary income

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Jess sold a piece of equipment she used in her business. The equipment cost Jess \$51,500 several years ago and had accumulated depreciation taken in the amount of \$20,300. Jess sold the equipment for \$35,000. a) What is her Section 1245 property gain? b) How much of the gain is subject to recapture at th 25% tax rate? c) How much of the gain is ordinary income?

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