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Required information [The following information applies to the questions displayed below.] Hans runs a sole proprietorship. Hans reported the following net 51231 gains and losses

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Required information [The following information applies to the questions displayed below.] Hans runs a sole proprietorship. Hans reported the following net 51231 gains and losses since he began business. (Leave no answer blank. Enter zero if applicable.) Net 1231 Gains/(Losses) $(67,500) 16,250 Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 (current year) 11,000 51,250 b. Assume that the $51,250 net 1231 gain occurs in year 6 instead of year 7 what amount of the gain would be treated as ordinary income in year 6? Ordinary income

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