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Ashburn reported a $104,900 net $1231 gain in Year 6. Assuming Ashburn reported $53,000 of nonrecaptured $1231 losses during Years 1 to 5, what amount

Ashburn reported a $104,900 net $1231 gain in Year 6. Assuming Ashburn reported $53,000 of nonrecaptured $1231 losses during Years 1 to 5, what amount of Ashburn's net 1231 gain for Year 6, if any, is treated as ordinary income? Multiple Choice So. $51,900. $53,000. $104,900. None of the choices are correctimage text in transcribed

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