Sanborn reported a $75,000 net 1231 gain in Year 3. Assuming hereported $15,000 of nonrecaptured 1231 losses during Year 1, whatamount of Sanborn's net 1231

Sanborn reported a $75,000 net §1231 gain in Year 3. Assuming hereported $15,000 of nonrecaptured §1231 losses during Year 1, whatamount of Sanborn's net §1231 gain for Year 3, if any, is treated 2 answers