In 2015, Moana purchased land for $99,500 for use in her business. She sold it in 2018 for $115,900. What is the gain on the sale before any netting?
A. $16,400 Section 1245 gain.
B. $16,400 ordinary income.
C. $16,400 Section 1231 gain.
D. $16,400 Section 1250 gain.
Answer: C
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