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Taxpayer B has the following gains and losses from property transactions. Long-term capital gain $5,000 Long-term capital loss 8,000 Section 1231 gain 11,000 Section 1231
Taxpayer B has the following gains and losses from property transactions. Long-term capital gain $5,000 Long-term capital loss 8,000 Section 1231 gain 11,000 Section 1231 loss 9,000 Short-term capital gain 2,000 Short-term capital loss 4,000 What is the effect on the taxpayers taxable income if Taxpayer B is: a C corporation
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