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Posted on Sep 14, 2024

JG Inc. recognized $690,000 ordinary income, $48,000 net Section 1231 gain, and $77,000 net capital loss this year. JG's taxable income is $690,000. True False

JG Inc. recognized $690,000 ordinary income, $48,000 net Section 1231 gain, and $77,000 net capital

loss this year. JG's taxable income is $690,000.

True False

plese explain

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