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Ashburn reported a $105,100 net 1231 gain in Year 6. Assuming Ashburn reported $58,000 of nonrecaptured 1231 losses during Years 1 to 5, what amount
Ashburn reported a $105,100 net 1231 gain in Year 6. Assuming Ashburn reported $58,000 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?
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