McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick

تمرين 53

Bourne Guitars, a corporation, reported a $157,000 net §1231 gain for year 6.a. Assuming Bourne reported $50,000 of unrecaptured §1231 losses during years 1-5, what amount of Bourne's net §1231 gain for year 6, if any, is treated as ordinary income
b. Assuming Bourne's unrecaptured §1231 losses from years 1-5 were $200,000, what amount of Bourne's net §1231 gain for year 6, if any, is treated as ordinary income