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Ashburn reported a $105,175 net $1231 gain in year 6. Assuming Ashburn reported $56,500 of nonrecaptured $1231 losses during years 1-5, what amount of Ashburn's

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Ashburn reported a $105,175 net $1231 gain in year 6. Assuming Ashburn reported $56,500 of nonrecaptured $1231 losses during years 1-5, what amount of Ashburn's net $1231 gain for year 6, if any, is treated as ordinary income? Multiple Choice $0. $48,675. $56,500. $105,175. None of the choices are correct

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