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Posted on Jul 20, 2024

Very Cool, Inc, has a 2 0 2 3 net Sec. 1 2 3 1 gain of $ 1 1 0 , 0 0 0

Very Cool, Inc, has a $2023$ net Sec. $1231$ gain of $ $110, 000$ and had a $ $124, 000$ net Sec. $1231$ loss in $2022 .$ For $2023,$ Very Cool's net Sec. $1231$ gain is treated as

a $.$ $ $110, 000$ ordinary gain.

b $.$ $ $110, 000$ Capital gain.

c $.$ None of the choices presented are correct.

d $.$ $ $110, 000$ capital loss.

e $.$ $ $110, 000$ ordinary loss.

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