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pls provide steps .... how to solve it.. ty Listed below is a yearly schedule that reflects Hurko's net Section 1231 gains and (losses) reported

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pls provide steps .... how to solve it.. ty

Listed below is a yearly schedule that reflects Hurko's net Section 1231 gains and (losses) reported on its returns through2011. In 2012, Hurko recognized a $25,000 gain on the sale of business property. How is this gain characterized on Hurko's 2012 tax return? dollar 25,000 Section 1231 gain. dollar 9,100 ordinary gain and dollar 15,900 Section 1231 gain. dollar 15,900 ordinary gain and dollar 9,100 Section 1231 gain. dollar 25,000 ordinary gain. None of the above

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