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Merlin owned an office building that he held for five years and depreciated using regular...

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Accounting

Merlin owned an office building that he held for five years and depreciated using regular MACRS. He sold the building at a gain. On which part of Form 4797 is the sale of the building reported, and what IRC section determines the type of gain? Part I; section 1231. Part II; section 1231. Part III; section 1245. Part III; section 1250

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