34. LO.2 Keshara has the following net 1231 results for each of the years shown. What...

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34. LO.2 Keshara has the following net § 1231 results for each of the years shown. What would be the nature of the net gains in 2012 and 2013?

Tax Year Net § 1231 Loss Net § 1231 Gain 2008 $18,000 2009 33,000 2010 42,000 2011 $41,000 2012 30,000 2013 41,000

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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