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Complete the blanks in the following sentence. The tax laws require that net Section 1231 gain be recaptured as to the extent that the taxpayer
Complete the blanks in the following sentence. The tax laws require that net Section 1231 gain be recaptured as to the extent that the taxpayer has nonrecaptured Section 1231 losses from the previous tax years. 1) Ordinary income, five. 2) Long-term capital gain, ten. 3) Ordinary income, three. 4) Short-term capital gain, five. 5) Ordinary income, ten
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