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What amount of Whitworth net gain for year six

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Question - Whitworth reported a $105,000 net §1231 gain in year 6. Assuming Whitworth reported $60,000 of nonrecaptured §1231 losses during years 1-5, what amount of Whitworth'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.

Reference no: EM133029670

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