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Laslo reported a $205,000 net $1231 gain in Year 6. Assuming Laslo reported $50,000 of nonrecaptured $1231 losses during Years 1 to 5, what amount
Laslo reported a $205,000 net $1231 gain in Year 6. Assuming Laslo reported $50,000 of nonrecaptured $1231 losses during Years 1 to 5, what amount of Laslo's net $1231 gain for Year 6, if any, is treated as ordinary income? $205,000 $0 $50,000 None of the choices are correct. O $155,000
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