What is the result of after netting the transactions

Reference no: EM132700286

Enzo has the following gains and losses:

$50,000 Salary

$30,000 Long-term capital gain from the sale of Stock

$15,000 Section 1231 Gain that is all unrecaptured Section 1250 Gain

$5000 Section 1231 Gain ($5000 is depreciation recapture) Section 1245 Property.

Problem 1: There are no other transactions during the year. What is the result of after netting the above transactions?

Select one or more:

a. $50,000 Ordinary and $50,000 LTCG

b. $55,000 Ordinary Income; $15,000 LTCG (25%); $30,000 LTCG (10/15/20%)

c. $30,000 LTCG; $70,000 Ordinary Income

d. $55,000 Ordinary Income, $45,000 LTCG

Reference no: EM132700286

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