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Business, 03.04.2020 03:15 rosieposie27
Daniel recognizes $35,000 of Sec. 1231 gains and $25,000 of Sec. 1231 losses during the current year. The only other Sec. 1231 item was a $4,000 loss three years ago. This year, Daniel must reportNote-Please give the necessary description for my quick understanding!A)NLTCG Ordinary Income$10,000 $0B)NLTCG Ordinary Income$6,000 $4,000C)NLTCG Ordinary Income$4,000 $6,000D)NLTCG Ordinary Income$4,000 $10,000
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Daniel recognizes $35,000 of Sec. 1231 gains and $25,000 of Sec. 1231 losses during the current year...
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