I:13-37 Ordinary Income Versus Sec. 1231 Gain. At the beginning of 2022, Silver Corporation has a $95,000 capital loss carryforward from 2021. During 2022, the corporation sells land, held for four years, and realizes an $80,000 gain. Silver has no unrecaptured net Sec.

1231 losses, and it made no other sales during the current year. Determine the amount of capital loss carryforward that Silver can use in 2022 if the land is:

a. Sec. 1231 property.

b. Not a capital asset or Sec. 1231 property.