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Mark is a sole proprietor and sold several business assets in the current year. The sales resulted in 1231 gains of $11,500 and 1231 losses

image text in transcribed Mark is a sole proprietor and sold several business assets in the current year. The sales resulted in 1231 gains of $11,500 and 1231 losses of $15,600. What is the character of the Section 1231 gains and losses? $ $

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