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Quinn Ryan operates a small business as a sole proprietorship. She opened her business several years ago and reports the following net 1231 gains and

Quinn Ryan operates a small business as a sole proprietorship. She opened her business several years ago and reports the following net 1231 gains and losses since she began business.

Year Net 1231 Gains/(Losses)

Year 1 ($11,000)

Year 2 15,000

Year 3 (28,000)

Year 4 14,000

Year 5 6,000

Year 6 (32,000)

Year 7 (current year) 113,000

What is the character of the current year $113,000 Net Section 1231 gain?

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