Ashburn reported a $104,850 net 1231 gain in year 6. Assuming Ashburn reported $52,000 of...
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Accounting
Ashburn reported a $104,850 net 1231 gain in year 6. Assuming Ashburn reported $52,000 of nonrecaptured 1231 losses during years 1-5, what amount of Ashburn's net 1231 gain for year 6, if any, is treated as ordinary income?
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