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5. During 2020, a man recognizes a $30,000 Section 1231 gain and a $20,000 Section 1231 loss. Prior to this year, the man's only Section
5. During 2020, a man recognizes a $30,000 Section 1231 gain and a $20,000 Section 1231 loss. Prior to this year, the man's only Section 1231 item was a $12,000 loss two years ago. What is the amount and character of gain recognized by the man in 2020
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