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Ordinary Income ?????? Hans runs a sole proprietor hip. Hans report od the following net section 1231 gains and losses since he began business (Leave

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Ordinary Income ??????

Hans runs a sole proprietor hip. Hans report od the following net section 1231 gains and losses since he began business (Leave no answer blank. Enter zero if applicable.) What amount, if any, of the year 7 (current year) 550,000 not section 1231 gain is treated as ordinary income Assume that the $50,000 net section1231 gain occur in year 6 instead year 7 what amount is treated as ordinary income in year 6

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