In 2019,Mary recognized a $45,000 gain on the sale of Section 1231 property.Over the previous five-year period,Mary recognized the following net Section 1231 gains and (losses): 2018 ($28,000)
2017 $16,000
2016 ($30,000)
Mary's 2019 gain is characterized as
A)$45,000 ordinary gain
B)$42,000 ordinary gain and $3,000 capital gain
C)$28,000 ordinary gain and $17,000 capital gain
D)$45,000 capital gain

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The Answer of In 2019,Mary recognized a $45,000 gain on the sale of Section 1231 property.Over the previous five-year period,Mary recognized the following net Section 1231 gains and (losses): 2018 ($28,000)
2017 $16,000
2016 ($30,000)
Mary's 2019 gain is characterized as
A)$45,000 ordinary gain
B)$42,000 ordinary gain and $3,000 capital gain
C)$28,000 ordinary gain and $17,000 capital gain
D)$45,000 capital gain

In 2019,Mary Recognized a $45,000 Gain on the Sale of Section