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Steven established a sole proprietorship in 2010. He sold section 1231 assets at a loss in 2013 and 2014. He had only sold section 1231
Steven established a sole proprietorship in 2010. He sold section 1231 assets at a loss in 2013 and 2014. He had only sold section 1231 assets at a gain before 2013. In 2015, he could sell a section 1231 asset at a gain and would like to have the gain taxed as a long-term capital gain. What issue is Steven facing?
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