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  3. in the current year, alan reported a $104,950 net

In the current year, Alan reported a $104,950 net 1231 gain and a $4,000 net...

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Accounting

In the current year, Alan reported a $104,950 net 1231 gain and a $4,000 net capital loss. Assuming Alan reported $54,000 of nonrecaptured 1231 losses during the prior 5 years, what amount of Alan's net 1231 gain for the current year, if any, is treated as ordinary income?

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