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Which of the following best describes the taxation of gain and losses from the sale of Section 1231 assets? A. Net section 1231 gains and

Which of the following best describes the taxation of gain and losses from the sale of Section 1231 assets? A. Net section 1231 gains and net losses are taxed as ordinary income. B. Net section 1231 gains and net losses are taxes as capital gain income c. net section 1231 gains are taxed as ordinary income; net losses are taxed as capital gains. D. net section 1231 gains are taxed as capital gains; net losses are taxed as ordinary income

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