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Ashburn reported a $105,000 net §1231 gain in year 6. assuming ashburn reported $60,000 of nonrecaptured §1231 losses during years 1-5, what amount of ashburn's net §1231 gain for year 6, if any, is treated as ordinary income?
a. $0.
b. $45,000.
c. $60,000.
d. $105,000.
e. none of the choices are correct.
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Answers: 3
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Ashburn reported a $105,000 net §1231 gain in year 6. assuming ashburn reported $60,000 of nonrecapt...
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