At the beginning of 2017, Aluminum Corporation has a $115,000 capital loss carryforward from 2016. During 2017, the corporation sells land, held for four years, and realizes an $88,000 gain. Aluminum has no unrecaptured net Sec. 1231 losses, and it made no other sales during the current year Read the requirement b. Not a Capital Asset or Sec. 1231 Property a. Sec. 1231 Amount of capital loss carryforward that Aluminum can use in 2017 if the land is