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Karl, an individual, purchased assets and began using them in his business several years ago. He did not sell any 1231 property until this year,

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Karl, an individual, purchased assets and began using them in his business several years ago. He did not sell any 1231 property until this year, when he sold the following assets: What is the total combined amount and character of any gain (loss) on the sales of the equipment, furniture, and building? $3,000 ordinary income, $15,000 unrecaptured $1250 capital gain $6,000 ordinary income, $12,000 long-term capital gain (at 0/15/20 percent) $6,000 ordinary income, $12,000 unrecaptured $1250 capital gain $18,000 long-term capital gain

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