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Your answer is partially correct. Paul is a sole proprietor and sold several business assets in the current year. The sales resulted in 1 2

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Your answer is partially correct.
Paul is a sole proprietor and sold several business assets in the current year. The sales resulted in 1231 gains of $12,300 and 1231
losses of $15,500. What is the character of the Section 1231 gains and losses?
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