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Ashburn reported a $105,225 net 1231 gain in Year 6. Assuming Ashburn reported $55,500 of nonrecaptured 1231 losses during Years 1 to 5, what amount
Ashburn reported a $105,225 net 1231 gain in Year 6. Assuming Ashburn reported $55,500 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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