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Nonrecaptured sec 1231 losses are applied against the net section 1231 gain beginning with a) last years loss and ending with losses from the fifth

Nonrecaptured sec 1231 losses are applied against the net section 1231 gain beginning with a) last years loss and ending with losses from the fifth previous year b) the earliest loss in the five year period c) the next future years losses d) last years loss and ending with losses from the third previous year

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