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credits Question 7 (1 point) Sam had a long-term Section 1231 gain of $10,000 in 2020. In 2019, he had an $8,000 Section 1231 loss. How much of Sam's 2020 Section 1231 gain will be treated as long-term capital gain? P Hide hint for Question 7 Know the various recapture provisions Question 8 (1 point) Bill, a single taxpayer, sells his principal residence in the current year for $300,000. Talhauththaaiilaaaaaaaaaaaaaaaaaaaaalhaaluastinilaalinaa hop