a. Assuming Bourne reported $50,000 of nonrecaptured net 1231 losses during years 15, what amount of Bournes net 1231 gain for year 6, if any, is treated as ordinary income?

b. Assuming Bournes nonrecaptured net 1231 losses from years 15 were $200,000, what amount of Bournes net 1231 gain for year 6, if any, is treated as ordinary income?

Homework - CH11 Help Save A Sut Check my work mode: This shows what is correct or incorrect for the work you have completed so far. does not indicate completion 00 8 Return to question Pantota Required information The following information applies to the questions displayed below! Bourne Guitars, a corporation, reported a $157000 net 51231 gain for year 6. 1 a. Assuming Bourne reported $50,000 of nonrecaptured net $1231 losses during years 1-5. what amount of Boume's net 11221 gain for year 6. If any is treated as ordinary income? Answer is complete but not entirely correct. Bam's per treated as ordinary income $107.000