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Zach has a $30,000 1245 gain, a $85,000 1231 gain, a $35,000 1231 loss, a $20,000 1231 lookback loss, and a $80,000 long-term capital gain.
Zach has a $30,000 1245 gain, a $85,000 1231 gain, a $35,000 1231 loss, a $20,000 1231 lookback loss, and a $80,000 long-term capital gain. The net long-term capital gain is:
Group of answer choices
$110,000
$140,000
None of the above.
$160,000
$90,000
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