TB MC Qu. 11-66 (Static) Ashburn reported a $105,000 net $1231 gain in... Ashburn reported a $105,000 net $1231 gain in Year 6. Assuming Ashburn reported $60,000 of nonrecaptured $1231 losses during Years 1 to 5, what amount of Ashburn's net $1231 gain for Year 6, if any, is treated as ordinary income? Multiple Choice SO $45,000 $60,000 $105,000 O None of the choices are correct