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in 2016 mary recognized a 45000 gain on the sale of section 1231 property. over the previous five year period, mary recognized the following net
in 2016 mary recognized a 45000 gain on the sale of section 1231 property. over the previous five year period, mary recognized the following net section 1231 gains and (losses) 2015 (28000) 2014 16000 2013 (30000)
a. 45,000 ordinary gain b. 42000 ordinary gain & 3000 capital gain c. 28000 ordinary gain and 17000 capital gain d. 45000 capital gain (please show work)
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