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Copper Industries ( a sole proprietorship ) sold three 1 2 3 1 assets during 2 0 2 3 . Data on these property dispositions
Copper Industries a sole proprietorship sold three assets during Data on these property
dispositions are as follows:
If an amount is zero, enter
a Determine the amount and the character of the recognized gain or loss from the disposition of each asset.
Copper has $
of ordinary income due to recapture and $
of loss
b Assuming that Copper has $ nonrecaptured net losses from prior years, analyze these
transactions and determine the amount if any that will be treated as a longterm capital gain.
$
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