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section 1231 gains of $30,000 and section 1231 losses of $10,000. prior 5 years has uncaptured net section 1231 losses of $15,000. from its current
section 1231 gains of $30,000 and section 1231 losses of $10,000. prior 5 years has uncaptured net section 1231 losses of $15,000. from its current year section 1231 transaction has which of the following?
a. $5000 of long term capital gain and $15,000 of ordinary income.
b. $15,000 of long term capital gain, and $5000 of ordinary income.
c. $20,000 of long term capital gain.
d. $20,000 of ordinary income
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