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Ginger acquired and placed in service $1,165,000 of equipment on August 1, 2022 for use in her sole proprietorship. The equipment is 5-yeat recovery property.

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Ginger acquired and placed in service $1,165,000 of equipment on August 1, 2022 for use in her sole proprietorship. The equipment is 5-yeat recovery property. No other acquisitions are made during the year. Ginger elects to expense the maximum amount under Sec. 179, and bonus depreciation is not applied. Business income before any cost recovery was $850,000. Ginger's total deductions for 2022 (including Sec. 179 and depreciation) are A) $913,000 B) $1,165,000 C) $1,080,000 D) 5850.000 QUESTION 6 During the current year, Chariotte recognizes a 530.000Sec.1231 gain and a $22.000Sec1231 loss. Prior to this, Charlotte's only Sec. 1231 atem was a $15.000 loss two years ago. Charlotte must report a(n) A) $8,000 net LTCG B) $8,000 ordinary income C) $15,000 ordinary income. D) $8,000 ordinary income and $7,000 net LTCG

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